India, Oct. 10 -- Women-focussed fashion house FS Life, the parent company of FableStreet and Pink Fort, has raised INR 50 Cr ($5.6 Mn) in a funding round led by Colossa Ventures and Rahul Garg, founder of IGNITE Growth LLP. Existing investors Fireside Ventures and Mirabilis Investment Trust also participated in the round.

The new funding will accelerate FS Life's offline expansion, with plans to double its retail footprint from five stores across Mumbai, Pune, and Delhi NCR in the next six months, and a long-term goal of opening over 100 stores in three years.

The startup, which is nearing operational break-even, said its stores are already generating returns within 18 months of launch. It claims to be operating at a revenue run rate o...