Abrax Retail Pvt Ltd

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Abrax Retail Pvt Ltd - overview

Established

2016

Location

Gurgaon, -, India

Primary Industry

Internet

About

Abrax Retail Pvt Ltd operates Summerlabel. com, specializing in a curated online collection of summer apparel and accessories, aimed at enhancing customers' seasonal fashion needs with quality and style. Founded in 2016, Abrax Retail Pvt Ltd is based in Gurgaon, India, and operates its online platform Summerlabel. com.


The company focuses on providing seasonal fashion products and raised INR 5. 75 million in a SEED funding round in January 2017, totaling INR 5. 75 million in funding. The company currently has a valuation of INR 59.


75 million and has engaged in one funding deal. Summerlabel. com specializes in offering a curated selection of seasonal fashion products designed to enhance customer experience in the retail apparel market. Their primary product line includes a variety of clothing and accessories tailored to meet consumer demands for style and comfort during the summer months.


The company strategically focuses on delivering high-quality, trend-driven items that cater to a diverse customer base, ranging from young adults seeking casual attire to families looking for vacation wear. The end users of these products primarily reside in urban and suburban areas across North America and Europe, where there is a significant demand for fashionable summer apparel. By continually adapting to market trends, Summerlabel. com positions itself to effectively serve a global clientele interested in seasonal fashion solutions.


Summerlabel. com generates revenue through a direct-to-consumer sales model, where customers purchase products directly from the company's online platform. The pricing structure typically involves individual product sales, with specific prices set for each item based on its design and material quality. The company may also engage in partnerships with select retailers to expand its reach, allowing for additional revenue streams through wholesale transactions.


Flagship products, which are often highlighted in marketing campaigns, play a crucial role in driving sales volume and brand recognition. Summerlabel. com reported zero revenue and zero EBITDA for the most recent year, 2022. With the recent SEED funding of INR 5.


75 million raised in January 2017, Abrax Retail Pvt Ltd aims to develop new product lines focused on summer fashion to cater to evolving consumer trends. The company is also considering expansion into new markets, particularly targeting regions in Asia and Europe by the end of 2023. The funding will support these initiatives by enhancing product development and marketing strategies to increase market penetration.


Primary Industry

Internet

Sub Industries

Clothing Stores, Search Engines

Website

www.summerlabel.com

Verticals

Mobile Apps

Company Stage

Angel & Seed

Total Amount Raised

Subscriber access only

Abrax Retail Pvt Ltd - timeline of key events

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Abrax Retail Pvt Ltd - financials

Fiscal Year EndedMar 31, 2016Mar 31, 2017Mar 31, 2018Mar 31, 2019Mar 31, 2020Mar 31, 2021Mar 31, 2022
Revenue (USD)265,6611,602,1183,303,5435,980,314.8---
% Revenue Growth (YoY)-503.1%106.2%81.0%---
EBITDA (USD)(3,501)(595,608)(3,142,138.3)(1,759,854.3)---
Operating Income (USD)(3,501)(595,608)(3,256,166.3)(1,759,854.3)---
Operating Margin(1.3%)(37.2%)(98.6%)(29.4%)---
% EBITDA Margin(1.3%)(37.2%)(95.1%)(29.4%)---
NET Income (USD)(3,512)(528,681)(3,058,740.3)(1,871,010.3)---
% Net Margin(1.3%)(33.0%)(92.6%)(31.3%)---

Abrax Retail Pvt Ltd - employee data

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