Funding a Fashion Business: What Investors are Looking For

TIME: Friday 27 Oct 2017, 7:30 PM
LOCATION: Bldg. 7
TALK:
Amjad Ahmad - Partner, Precint Partners
Kunal Kapoor - Founder, The Luxury Closet
Moderated by Sara Hamdan - Journalist

 Amjad Ahmad Managing Partner, Precinct Partners

Amjad Ahmad
Managing Partner, Precinct Partners

 

BIOGRAPHY

Amjad Ahmad is the Founder & Managing Partner of Precinct Partners, a venture and growth capital firm committed to partnering with bold entrepreneurs to build remarkable companies. He is a veteran venture capital and private equity investor with an extensive track record of leading successful investments in emerging markets

Prior to Precinct Partners, Amjad was Co-Founder & CEO of NBK Capital Partners where he developed the firm into a leading private equity fund
manager in the MENA region.

His prior experience includes technology and telecom investment banking and management consulting with UBS, Credit Suisse and PWC in the United States.


 Kunal Kapoor Founder, The Luxury Closet

Kunal Kapoor
Founder, The Luxury Closet

 

BIOGRAPHY

Founder of the Luxury Closet, Kunal Kapoor is a serial entrepreneur with a background in luxury and fashion. He built a successful sportswear brand in India and then received an MBA from INSEAD, France. Kunal subsequently landed in the lap of luxury itself Dubai, working for the French fashion empire Louis Vuitton.

In 2011, Kunal founded The Luxury Closet, the largest marketplace for luxury items in the Middle East. Most items are pre-owned and sold at a discounted price, maintaining brand and item integrity, and the assurance of authenticity. This successful and unique venture sees luxury products from Louis Vuitton, Chanel, Rolex, Cartier, Louboutin and 100 other top brands sold for up to 70% off the original price. Kunal strongly believes that the ability to buy luxury items should be available to everybody. His love of entrepreneurship and fashion has been the heart behind The Luxury Closet.

The Luxury Closet has raised over $3 million from top tier venture capital funds that include Middle East Venture partners, Dubai Silicon Oasis Capital, Two Four 54 and Mena Venture Investments.