Investor pitch, pre seed round

India buys fashion blind.
We make it certain.

Bibanchal puts the outfit from any supported store link on your own photo before you pay, then pays you cashback when you buy.

Raising

$500k

Post money

$5M

Raised so far

Before

After

Bibanchal · 01

Origin

The name came from the two women who inspire me every day.

Two names that mean the world to me. Bibha, my mother. And Anchal, the woman I love. I brought them together so the product would carry something personal.

The name also carries a little piece of Mithilanchal, the place and culture connected to my roots.

How would you actually look in this? That question became the product. See yourself in the look before you buy, then shop with eligible cashback.

Bibanchal · 02

The problem

One in four fashion orders comes back.

Shoppers see a model, guess the fit, and pay. When the outfit arrives looking nothing like they imagined, it goes back.

~26%

of fashion orders came back in India operator data for 2025.

EasyEcom 2025 E-Commerce Collective

25 to 40%

is the typical apparel return band across Indian fashion e-commerce.

Angadi Labs benchmarks

Returned

Bibanchal · 03

Your photo

Your Look

The product

Paste a link. See it on you.

01
Add your photo
One clear photo, reused for every Look.
02
Paste a store link
Copy any product page from a supported fashion store.
03
See it on you, then shop
The garment lands on your own face and pose. Buy through Bibanchal and eligible orders earn wallet cashback.

Cashback live

Bibanchal · 04

Business model

Two ways we earn. Both are live.

01Look packs

Prepaid try on credits at about ₹25 per Look. Failed Looks refund.

5 Looks₹125
10 Looks₹249
20 Looks₹499

02Affiliate

₹2,000

order placed

₹140

commission at 7%

₹70 shopper₹70 us

Fashion payout by store

7%
4.2%
2.1%

Credits settle on the confirmed payout, never on an estimate.

Bibanchal · 05

Market

India's online fashion is set to triple.

>30%yearly growth in India virtual try on through 2030. Grand View Research
$56B+of new online fashion spend in India from 2026 to 2030. Technavio
$95.8BIndia women apparel market in 2025, our core shopper. IMARC

India fashion and lifestyle

$110B

Online today, $11B

Each square is $1B.

Online today$11B

Online by FY28$35B

Bain, India Digital Fashion Disruptors

Bibanchal · 06

Founder and traction

One builder. The whole stack. Zero capital.

Full stack engineer who designed, built, and shipped every Bibanchal surface himself: the try on pipeline, payments, affiliate tracking, web, mobile, and the Chrome extension.

Web app
Create Looks, wallet, packs, and orders.
Chrome extension
Try on straight from a product page.
Android app
Built and in testing. Play listing next.
Razorpay payments
Look packs sold in rupees.
Cashback wallet
Credits after the store confirms the order.
Automatic refunds
A failed Look returns its credit.

Bibanchal · 07

The ask

Choose one check. One price for everyone.

$5M post money for every check. The round closes at $500k. Raised so far $0.

0.5%

10%

$25k

Angel

$50k

Angel

$100k

Anchor

$250k

Co-lead

$500k

Lead

Use of funds

Try on quality
Sharper, more reliable Looks at the ₹25 price point.
35%
Growth and distribution
Creators, the Chrome extension, and the Android launch.
30%
Store and cashback ops
More cashback stores and faster order confirmation.
20%
Runway and legal
Infrastructure, support, and counsel for the round.
15%

Instrument (priced equity, SAFE, or other) is agreed in diligence. Terms are indicative until signed.

Bibanchal · 08

Next step

If you see it too, let's talk this week.

prashant@bibanchal.com

Risks we are funding against

Look quality and cost. Short garment only prompts, fixed framing, and automatic refunds keep quality honest and cost predictable.
Affiliate rules change. Look packs earn on their own. Cashback always settles on the confirmed payout, never on an estimate.
One founder. This round goes first to try on quality and distribution, the two areas that need more hands.
Store policies. Link based try on, a store allowlist, and a Chrome extension that passed Web Store review.

Sources

Bain, India Digital Fashion Disruptors (PDF). https://www.bain.com/globalassets/noindex/2023/bain_report_indias_digital_fashion_disruptors.pdf
Technavio, India online fashion retail. https://www.technavio.com/report/online-fashion-retail-market-industry-in-india-analysis
Grand View Research, virtual try on. https://www.grandviewresearch.com/industry-analysis/virtual-try-on-market-report
IMARC, India women apparel. https://www.imarcgroup.com/india-women-apparel-market
EasyEcom, 2025 E-Commerce Collective. https://www.easyecom.io/resources/reports/2025-ecommerce-collective
Angadi Labs, India fashion ecommerce benchmarks. https://www.angadilabs.com/blog/india-fashion-ecommerce-benchmarks
Hypetrics, India fashion e-commerce forecast. https://hypetrics.com/data-central/fashion/india-fashion-ecommerce-market-growth-2032/

This page is for informational discussions with prospective investors. It is not an offer to sell, or a solicitation to buy, securities. Equity percentages and check sizes are indicative only. Any investment requires private diligence, KYC where applicable, and signed legal documents. Market figures cite third-party research and may change. Traction claims exclude unaudited vanity metrics. Past product work does not guarantee future results.

Bibanchal · 09

India buys fashion blind.We make it certain.