InStitchu has scored a $3 million strategic investment from Dayang Group, the world’s largest suit manufacturer.
Using the funds the Australian fashion startup will continue its global showroom rollout to 15 locations, elevate the in-store and online experience, and serve its loyal customer base in new ways.
Also under the deal, Dayang will become a production partner for InStitchu.
“The Dayang team share our vision that the future of menswear is made-to-measure, and in the belief that a meticulously crafted suit should be affordable,” said James Wakefield, co-Founder and co-CEO, InStitchu.
“Dayang’s support will increase efficiencies across production and operations cycles, allowing us to be even more customer-centric.
“Their expertise coupled with our top-notch product and focus on retail expansion, will allow us to bring InStitchu into the hands of even more customers.”
Last year InStitchu opened of its first US storefront in New York, achieved 114% year on year growth, and increased its headcount to more than 60 staffers worldwide.