According to a report by Technavio, the custom apparel market is estimated to grow at a CAGR of 7.22% between 2022 and 2027. The size of the global market is forecast to increase by $1,790.48 million. The growth of the market depends on several factors, including the rise in internet penetration, increased smartphone adoption and the growing use of customised t-shirts as a branding tool.
India, too, is considered a big market for personalized or customised fashion. According to some reports, the total size of the market for personalised merchandise is 110 million consumers. 40 million are corporate employees at mid and senior levels, 50 million are middle class and 20 million are college students. India is a home to several customised apparel brands like Bombay Shirt Company, Creyate, SS Hommme, Raymond MTM (Made to Measure), etc.
In this backdrop, two brothers, Dhruv Toshniwal and Udit Toshniwal, who hailed from a family with an experience of 45 years in the textile industry, founded The Pant Project. Dhruv, who received finance training at Wharton, spearheads the business side, while Udit, who studied at The School of the Art Institute of Chicago, leads the creative team of the brand.
The beginning
On how this idea was conceived, Dhruv, CEO, of The Pant Project stated that project was launched after a year of market research in October 2020.
According to him, India lacks a world-class digital solution for custom tailoring and the brand was seen as a solution to custom-made pants for men and women. "The idea to launch the brand online was a result of the pandemic as physical retail stores were closing down.
Esta historia es de la edición June 2023 de Business Of Fashion.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición June 2023 de Business Of Fashion.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
Being Human launches 100th India store in Jaipur
Being Human, Bei the iconic a clothing line with philanthropic heart, has opened its 100th store in Jaipur.
Reliance Retail opens 73rd Avantra by Trends store in India
Reliance Retail's ethnicwear brand Avantra by Trends has opened its 73rd store in India in Hyderabad.
Cosset Clothing celebrates 3 years with Desk to Dusk collection
Cosset Clothing marks its third anniversary with the launch of the Spring-Summer 2024 collection, 'Desk to Dusk, a testament to its commitment to sustainable fashion.
Blackberrys launches TechPro collection 2024
Menswear brand Blackberrys Mensw Lhas introduced its groundbreaking TechPro Collection '24 across its stores nationwide.
The Kaftan Company launches men's lounge wear collection
The The Kaftan Company (TKC), renowned for its innovative loungewear, has launched its latest collection, the Twilight men's loungewear collection, marking a significant milestone as the first-ever range of kaftans designed exclusively for men.
MENSWEAR MARKET IN INDIA: Challenges & Opportunities for New-Age Brands in an Overcrowded Segment
There has been a significant change in the external environment in the last 15 years, which has directly led to changes in not only what a male consumer wears but also what he chooses to wear and how...
SUSTAINABLE FABRICS IN MEN'S FASHION: A CLOSER LOOK
Polyethylene terephthalate (PET) bottles, once destined for eternity in waste piles, have found a new purpose through recycling, emerging as recycled PET, or rPET...
UNI STYLE IMAGE: Championing Circular Fashion and Sustainability
Uni Style Image (USI), founded in 1990, is a global leader in sustainable designs. Renowned for its commitment to quality and environmental stewardship, USI stands among the top 10 polo T-shirt brands worldwide...
RAYMOND 'MADE TO MEASURE'
Bridging Bespoke Luxury with Ready-to-Wear Convenience
SNITCH From Fledgling D2C Brand to Pioneering Innovator in Fast Fashion
An in-depth analysis of Snitch's transformation from a nascent brand to a leading force in the young and innovative menswear segment in the Indian fast fashion domain...