Online tailoring business A Suit That Fits will this week launch a £500,000 crowd-funding campaign to allow it to create the “UK’s largest network of suit fitters.”
The business, which already has 26 showrooms across the UK, is aiming to recruit and train around 300 measurers over the next five years.
After successfully completing a training course, the freelance “fit experts” will be showcased as part of an online network for customers to choose from.
Founder David Hathiramani told Drapers the investment, which will be in return for 5% equity, will help create the largest network of tailors in the UK and generate profit to support a valuation of the business of £90m.
A smartphone app is expected to follow, which will work like the Uber taxi service, allowing bookings based on location. However, no timeframe is currently in place for this.
Hathiramani said the initial launch will focus on bespoke suits, though the concept could expand to include clothing such as shirts and jeans in the future, and a roll out to other countries.
A Suit That Fits was founded in 2006 after a friend of Hathiramani returned from travelling with a high quality and inexpensive suit from Kathmandu, where part of the business’s operation is now based.
In April it produced and sold a shirt to raise funds for the Nepal earthquake disaster.