In its bid to amplify its retail network in India, the USA based fashion retail brand Samshek Inc. as made a significant move.
The move is the collaboration with investment firm Nair Ventures in India.
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Via this collaboration, the online fashion retailer seeks capital investment, infrastructure support, business intelligence, and operations and market research.
No official financial details of the partnership have been released yet.
However, in a statement issued Nair states that it is looking forward to back Samshek in its decision to expand its retail network in India.
Also,markets like the UK, the US will be in consideration of expansion.
Markedly, Nair is engaged in investment promotion, facilitation and execution agency with a business model focused on contributing into the start-up success stories with the help of venture capital and private equity funds.
Nair’s Managing Partner Vinay Nair said, “Guiding Samshek with the right strategy to penetrate the Indian market and their overall market positioning in countries like US and UK, is something that we look forward to achieve in the near future.”
Meanwhile, Samiksha Bajaj, Co-Founder, said the brand has plans in place for expansion in the domestic and international markets with its new collaboration with Nair Ventures.