When was Kushals founded?

Kushals was founded in 2006 and raised its 1st funding round 13 years after it was founded.

Where is Kushals located?

Kushals is headquartered in Bengaluru, India. It is registered at NO. 11/1, SATHYA JYOTHI ARCADE, K. R. ROAD, BANGALORE, Karnataka, India, 560004.

Who is the current CEO of Kushals?

Manish Gulechha of Kushals. They have also founded 1 company.

Which legal entities is Kushals associated with?

Kushals is associated with KUSHAL'S RETAIL PRIVATE LIMITED and 1 other.

How many employees does Kushals have?

As of Jul 31, 2026, the latest employee count at Kushals is 574.

Is Kushals a funded company?

Kushals is a funded company, having raised a total of $48M across 3 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on May 12, 2019.

How much is Kushals worth?

The latest valuation of Kushals is $***** as of Feb 21, 2024.

When was the latest funding round of Kushals?

Kushals' latest funding was a $***** Series B round on Feb 21, 2024, with participation from 1 investor.

What is the annual revenue of Kushals?

Annual revenue of Kushals is between ₹100 Cr and ₹500 Cr as on Mar 31, 2025

Where does Kushals rank among its competitors?

Kushals ranks 10th amongst 215 active competitors, of which 5 are funded. It stands 4th in terms of total funding among its competitors. The most recent competitor to raise funding was GIVA, which secured an undisclosed amount in May, 2026.

Who are the top competitors of Kushals?

Kushals' top competitors include GIVA, CaratLane and Palmonas. Among them, GIVA secured the most recent funding round in May, 2026.

Kushals - 2026 Company Profile, Team, Funding, Competitors & Financials

Kushals is a series B company based in Bengaluru (India), founded in 2006 by Kalpesh Gulechha, Dipesh Gulechha, Manish Gulechha and Kushal Menghar. It operates as a Retailer of fashion jewelry including necklaces earrings bangles and accessories. Kushals has raised $48M in funding from Micro Labs, with a current valuation of $*****. The company has 215 active competitors, including 5 funded and 18 that have exited. Its top competitors include companies like GIVA, CaratLane and Palmonas.

Company Details

Retailer of fashion jewelry including necklaces earrings bangles and accessories. It features various items such as chokers, pendant sets, jhumkas, and rings crafted from materials like silver, zircon, and antique finishes. Products are categorized by style and occasion, covering bridal, festive, and casual wear. The business provides options for head and hand adornments, including maang tikkas, hathphools, and belts. Customers can browse collections based on specific polish types and traditional design aesthetics.

Website: www.kushals.com/
Social
Email ID: *****@kushals.com
Phone Number: +91 **********
Registered Address: NO. 11/1, SATHYA JYOTHI ARCADE, K. R. ROAD, BANGALORE, Karnataka, India, 560004

Key Metrics

Founded Year

2006

Location

Bengaluru, India

Stage

Series B

Total Funding

$48M in 3 rounds

Latest Funding Round

Series B, Feb 21, 2024, $*****

Post Money Valuation

$***** as on Feb 21, 2024

Investors

Micro Labs & 18 more

Ranked

10^th among 215 active competitors

Annual Revenue

₹100 - ₹500 Cr as on Mar 31, 2025

Employee Count

574 as on Jul 31, 2026

Similar Companies

GIVA & 693 more

View Kushals' full profile

Kushals is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
KUSHAL'S RETAIL PRIVATE LIMITED CIN: U52609KA2019PTC121527 , India, Active	Feb 18, 2019	₹100 - ₹500 Cr (As on Mar 31, 2025)	1427 (As on Mar 01, 2026)
KUSHAL'S FASHION JEWELLERY PRIVATE LIMITED CIN: U27205KA2008PTC048352 , India, Strike off	Nov 20, 2008	0 - ₹10 Cr (As on Mar 31, 2022)	-

Kushals has raised a total funding of $48M over 3 rounds. Its first funding round was on May 12, 2019. Its latest funding round was a Series B round on Feb 21, 2024 for $*****. 1 investor participated in its latest round. Kushals has 4 institutional investors and 15 angel investors.

Here is the list of recent funding rounds of Kushals:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Feb 21, 2024	6743444	Series B	4928720	2950618	4883933	2241362
May 20, 2022	7341127	Series B	3784566	4718549	7484116	India SME Investments & 1 more
May 12, 2019	7592728	Series A	7034764	6788331	Micro Labs	India SME Investments

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View details of Kushals's funding rounds and investors

The founders of Kushals are Kalpesh Gulechha, Dipesh Gulechha, Manish Gulechha and Kushal Menghar. Manish Gulechha is the CEO of Kushals.

Here are the details of Kushals' key team members:

Kalpesh Gulechha: Owner of Kushals. They serve on the board of 1 company.
Contact Info: 1 email address and 1 phone number
Dipesh Gulechha: Owner of Kushals.
Contact Info: 1 email address and 1 phone number
Manish Gulechha: Co-Founder & CEO of Kushals.
Contact Info: 1 email address and 1 phone number
Kushal Menghar: Co-Founder of Kushals.

Kushals' Board of Directors

Kushals's board has 6 active members. Kalpesh Gulechha is part of team and Mitin Chandanmal jain, Vijay Dhanuka, Nandish Gulechha, Tejraj Gulecha and Gulechaa Rajendrakumar Ankit are independent board members.

Here is the list of Kushals' board of directors:

Name	Type	Representing	Status	Duration
Kalpesh Gulechha	Team	-	Current	7y 4m
Mitin Chandanmal jain	Independent board member	-	Current	7y 1m
sicynnd	Independent board member	-	Current	1y 7m
twqdzkg	Independent board member	-	Current	4y 4m
sydpwdv	Independent board member	-	Current	4y 4m
evbr{ns	Independent board member	-	Current	2y 9m

View details of Kushals's Founder profiles and Board Members

Kushals' employee count trend

Kushals has 574 employees as of Jul 26. Here is Kushals's employee count trend over the years:

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Top competitors of Kushals include GIVA, CaratLane and Palmonas. Here is the list of Top 10 competitors of Kushals, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	GIVA 2019, Bengaluru (India), Series C	Retailer of silver, gold, and lab-grown diamond jewellery	$133M	IQ Capital, Premji Invest & 80 others	85/100
2nd	CaratLane 2008, Chennai (India), Acquired	Internet-first brand offering precious jewelry products for men and women	$57.9M	Tiger Global Management, Lister Technologies ... & 11 others	75/100
3rd	Palmonas 2022, Pune (India), Series B	Online retailer of demifine jewellery crafted with gold and silver	$47.3M	Vertex Ventures, Xponentia Capital & 24 others	71/100
4th	Kalyan Jewellers 1993, Thrissur (India), Public	Retail chain of jewellery	$321M	Warburg Pincus, Gov.sg & 6 others	71/100
5th	Senco Gold And Diamonds 1994, Kolkata (India), Public	Retailer of gold, diamond, platinum jewellery, coins and bars for men and women	$22.9M	Oman India Joint Investment Fund, Elevation Capital ... & 10 others	67/100
6th	Thangamayil Jewellery 1991, Madurai (India), Public	Retail jewellery store offering multiple gold and silver products	-	-	64/100
7th	Malabar Group 1993, Kozhikode (India), Funding Raised	Internet first brand of jewelry and watches	-	-	64/100
8th	Tanishq 1994, Bengaluru (India), Unfunded	Fine jewelry brand	-	-	64/100
9th	D.P. Jewellers 1940, Ratlam (India), Public	Brand of diamond jewelry	-	-	63/100
10th	Kushals 2006, Bengaluru (India), Series B	Retailer of fashion jewelry including necklaces earrings bangles and accessories	$48M	Motilal Oswal, Lighthouse & 17 others	60/100

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Founders own 9.82%, Funds own 37.03%, Enterprises own 0.00% and Other People (largest shareholder) own 53.16%. The net worth of Kushals's founders is INR 172Cr as of Feb 21, 2024.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	9.82%	172Cr	3237849	5119787	5992108	5591906
Kalpesh Gulechha	8885	8203	3971	8983	6565	9461
Fund	37.03%	648Cr	6653240	3828188	5882342	1260223
India SME Investments	3624794	6470987	5948305	9629182	8343722	4329420
Lighthouse	4349855	8221548	9459508	8370428	4648999	1109730
Enterprise	-	0	0	0	0	0
Other People	53.16%	930Cr	7077480	8695663	7054983	1777829
Total	100.00%	1,750Cr	3936533	2775453	9440181	6456177