Safari Industries (India) Ltd.

Safari Industries (India) Ltd. is a prominent Indian manufacturer specializing in high-quality travel solutions, including suitcases, trolleys, and backpacks, aimed at enhancing customers’ travel experiences. Founded in 1974 and headquartered in Mumbai, India, Safari Industries (India) Ltd. is engaged in the production of luggage and travel accessories.

The company has completed 14 deals, with its most recent funding round being a PIPE in February 2021, where it raised INR 290 million from Lighthouse Funds, totaling INR 290 million raised to date. Safari Bags specializes in high-quality travel solutions, including trolley bags, suitcases, and backpacks. The company aims to enhance the travel experience by creating innovative luggage designed for various needs, such as spontaneous shopping sprees or extended trips. Key features of their products include unique front-open designs for easy access, expandable packing capacity, and TSA locks for security.

Safari Bags serves a diverse customer base that includes individual consumers and businesses seeking reliable travel solutions, marketing its products across India and international markets. In the most recent fiscal year of 2024, Safari Industries reported a revenue of INR 187,291,498. 5 and an EBITDA of INR 35,202,471. 3.

The revenue structure is primarily driven by direct-to-consumer sales through their online platform and partnerships with retailers, focusing on high-quality, durable travel products. With the investment from the recent PIPE round in February 2021, Safari Industries plans to bolster its business growth by designing and launching new products tailored to market needs. The company is also looking to expand into new geographic regions, although specific markets have not been detailed. The additional funding will support these initiatives to enhance their product offerings and market reach.