RPSG Ventures Enters High Fashion Through A Partnership With Falguni Shane Peacock

As India’s luxury landscape grows more comfortable expressing its own identity—post-pandemic, post-diffidence—major players are finally putting real money behind the designers who shaped that identity in the first place.

As a result, RPSG Ventures has picked Falguni Shane Peacock as its entry point into couture, signing a deal to acquire a 40% stake in the label—with the option to take that up to 50% in the next two years. For a group that has traditionally moved in more predictable sectors, couture is a deliberately audacious entry point. It’s also a signal that the group is betting on the long arc of Indian luxury—and on FSP’s particular brand of high-voltage glamour.

Shashwat Goenka, Vice Chairman of the RP-Sanjiv Goenka Group, frames the investment in cultural, not just commercial, terms. “Falguni Shane Peacock reflects the emergence of a modern Indian luxury identity, rooted in heritage yet unapologetically global in its expression,” he says. “Our partnership is driven by a clear belief: Indian craftsmanship and contemporary design deserve a global stage. FSP has the brand equity, the authenticity, and the creative depth and we are proud to support this next phase of its growth.”

Falguni and Shane with showstoppers Karan Johar and Tamannaah Bhatia at Lakme Fashion Week 2025Falguni Shane Peacock

FSP has already done the groundwork. Over the last three years, the brand has grown steadily—from ₹68.50 crore in FY23 to ₹91.75 crore in FY25—built on a mix of couture loyalists at home, celebrity visibility abroad, and a signature aesthetic that manages to be both dramatic and finely made. Stores, multi-brand spaces, online channels—it has presence, and more importantly, momentum. The brand has managed to scale without blunting its glamour-first design language—a rare feat in fashion.

For co-founder and Creative Director Falguni Peacock, the partnership is a push toward something bigger. “This partnership marks a new chapter for us,” she says. “RPSG’s belief in our vision gives us the support to scale globally while staying true to our heritage and craftsmanship.”

If Indian couture has long been defined by creativity without corporate muscle, this deal suggests a new phase, one where artistry and institutional backing finally share the same runway.