“We believe good mornings start at sunrise. Capital 9 has ensured it stays that way.”
Sunrise was a known name in the Bangalore market for bathing and kitchen accessories for several decades. They wanted to offer some of the world’s best brands for lifestyle home solutions to capitalize on their growing market presence. Their traditional bank was not able to understand the increase in working capital requirement as they had never dealt with international brands in this segment. The challenge was then to find such a bank that understood the need for luxury brands requiring higher capital, such that they got the support to expand to new product and customer segments.
THE CAPITAL 9 ADVANTAGE
Capital9, as a first step, analysed the various stores in luxury segment and collected data to project the case study with in depth perspective to banks. It then built a persuasive proposal that found easy acceptance for banks to lend higher working capital to Sunrise.
THE SUCCESS STORY
Sunrise today is associated with ultra luxury brands and has a niche market for itself due to the continuous support of working capital and term loans required to manage the luxury segment. In other words, Sunrise is today a brand by itself where customers looking for home solutions can experience iconic brands!