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Eternal Capital and Mamaearth’s Ghazal Alagh back Dressfolk

EntrackrEntrackr · 1y ago
Eternal Capital and Mamaearth’s Ghazal Alagh back Dressfolk
Medial

Dressfolk, a handloom clothing brand, has secured a fresh round of undisclosed funding led by Eternal Capital, along with D2C founders Ghazal Alagh (founder, Mamaearth) and Dhruv Koli (founder, Boba Bhai), with participation from Nobody Ventures and Eagle Wings Ventures. The round also saw participation from 3 Peaks Ventures joined the round with existing investors All In Capital, Sidhant Keshwani (of Libas) and Vidur Kataria (of Master Chow). The proceeds will be used to enable it to rapidly expand its offerings beyond sarees and build a broader portfolio of contemporary Indian wear. Earlier in October 2023, the brand had raised Rs 3.3 crore in its seed round led by All-In Capital and others. Founded by Nitin Mehrotra in 2017, Dressfolk focuses on empowering local artisans and sustainable fashion. Having grown close to 200% in FY24, Dressfolk claims to have an AOV (average order value) of over Rs 7,000. Currently, it collaborates with a network of over 800 weavers and 120 artisans across six states. Besides its website, the brand has scaled its distribution through leading marketplaces such as Aza Fashions, Nykaa, and Myntra, while also hosting pop-ups across India.

Apparel brand ReplyAll raises Rs 6.8 Cr led by Sparrow Capital

EntrackrEntrackr · 2m ago
Apparel brand ReplyAll raises Rs 6.8 Cr led by Sparrow Capital
Medial

ReplyAll, a Bengaluru-based apparel brand focused on all-day clothing, has raised Rs 6.8 crore ($750K) in its first funding round led by Sparrow Capital and Antler India, with participation from Bharat Founders Fund, DeVC, and several D2C founders including Shantanu Deshpande, Revant Bhate, Ashish Goel, Sangeet Agarwal, Navin Parwal, Nikhil Bhandarkar, and Arjun Vaidya. The proceeds will be used for product development, expansion of the material and design pipeline, and scaling the brand’s presence across markets. ReplyAll intends to develop advanced technical fabrics and adaptive designs targeted at urban consumers seeking versatile clothing. Founded by Rushabh Sanghavi, ReplyAll is creating a new category it calls all-day clothing, designed for continuous use across work, movement, travel, and daily activities. The brand’s approach is based on material science, fabric engineering, and functional design aimed at India’s climate and consumer habits. As per market research, India’s apparel market was valued at $59.3 billion in 2024. Functional clothing accounts for $8.89 billion and is growing at 5–6% annually. The brand is launching with an all-day clothing line for men, built using fabrics engineered for breathability, thermoregulation, sweat resistance, and stretch. The company aims to offer clothing that works across multiple daily contexts and emphasises performance at the fibre level. ReplyAll defines its category as purpose-built apparel designed for continuous use rather than trend-driven fast fashion.

Premium kidswear brand Includ raises $1.5 Mn led by Incubate Fund Asia

EntrackrEntrackr · 1y ago
Premium kidswear brand Includ raises $1.5 Mn led by Incubate Fund Asia
Medial

Includ, a mass premium kidswear brand, has secured $1.5 million in its seed funding round led by Incubate Fund Asia with participation from Escape Velocity, Abhishek Goyal (Co-founder, Tracxn), and IIM Indore Alumni Angel Fund. Includ plans to use the funds to improve its supply chain, build in-house technology and create brand awareness, the company said in a press release. Furthermore, the company plans to invest in technology to vertically integrate with its suppliers, and build a robust supply chain to ensure timely deliver. The firm will also leverage the funds to implement effective marketing and brand strategies. Started in 2023 by Ashwin Rastogi, Includ aims to bridge the gap in the Indian kidswear market for high-quality yet affordable apparel. The brand caters to children aged 0 to 14 years old, offering a wide range of comfortable and stylish clothing options. The company added that it is committed to using sustainable materials and ethical manufacturing practices. In less than a year of launch, the Gurugram-based brand claims to have crossed monthly sales of more than Rs 2 crore.

Bubble tea brand Boba Bhai raises Rs 30 Cr in Series A round

EntrackrEntrackr · 1y ago
Bubble tea brand Boba Bhai raises Rs 30 Cr in Series A round
Medial

Bubble tea brand Boba Bhai, a quick-service restaurant (QSR) brand focused on bubble tea and other food items, has raised Rs 30 crore (around $3.4 Mn) in its Series A round led by 8i Ventures. The round also saw participation from existing backers, including Titan Capital Winners Fund, Global Growth Capital, and DEVC among others. Earlier, the startup raised Rs 12.5 crore in its seed round led by Titan Capital and Global Growth Capital UK. The proceeds will be used to expand to new cities, scale operations, and introduce innovative menu offerings. Founded by Dhruv Kohli, Boba Bhai currently has 42 outlets in nine cities and plans to open over 150 stores by the end of the year. Approximately 70% of orders are generated through its website and platforms like Zomato, Swiggy, and ONDC.

Deconstruct raises Rs 65 Cr from L’Oréal’s VC fund BOLD and others

EntrackrEntrackr · 1y ago
Deconstruct raises Rs 65 Cr from L’Oréal’s VC fund BOLD and others
Medial

Deconstruct raises Rs 65 Cr from L’Oréal’s VC fund BOLD and others Deconstruct, a D2C skincare brand, has secured Rs 65 crore ($7.7 million) in funding from L’Oréal’s VC fund BOLD, V3 Ventures, and DSG Consumer Partners, with participation from existing investors Kalaari Capital and Beenext. The funds will support product innovation, leadership in sunscreen and serums, the gentle actives space, and expansion into quick commerce and retail. Founded by Malini Adapureddy, Deconstruct offers skincare for all skin types, focusing on products tailored for India's climate. Deconstruct states it saw 1,000% growth in FY25, achieving annualized net revenue of Rs 200 crore, while reducing losses by 33% during FY24.

Cava Athleisure secures Rs 40 Cr in Series A round led by Sharrp Ventures

EntrackrEntrackr · 2d ago
Cava Athleisure secures Rs 40 Cr in Series A round led by Sharrp Ventures
Medial

Cava Athleisure secures Rs 40 Cr in Series A round led by Sharrp Ventures Everyday-wear brand Cava Athleisure has raised Rs 40 crore in a Series A funding round led by Sharrp Ventures, which invested Rs 21 crore, with participation from V3 Ventures and existing investor Spring Marketing Capital. Following the funding round, Cava is valued at Rs 215 crore. The Bengaluru-based startup had earlier secured $1.14 million in a seed funding round from Spring Marketing Capital and others in June 2024. The proceeds will be deployed to accelerate new product development, strengthen brand building, expand omnichannel distribution, and deepen the leadership team, Cava Athleisure said in a press release. Co-founded in 2022 by Ria and Shreya Mittal, Cava Athleisure is a D2C premium, sustainable, and trendy athleisure brand catering to men and women. The company focuses on comfortable, high-quality, and versatile clothing such as leggings, joggers, and tops made using BCI cotton and recycled polyester, targeting young, fitness-conscious consumers. The brand aims to redefine everyday wear through a function-first, design-led approach. Built for the everyday athlete, it designs products with an emphasis on fabric quality, comfort, and India-relevant fits, catering to consumers seeking versatile apparel that transitions seamlessly across fitness, work, and daily life. Cava said it has scaled rapidly and is projected to close FY26 with Rs 40 crore in revenue. The company operates its own production facility, overseeing design, pattern-making, and quality control. The brand primarily targets Gen Z and millennials aged 15–30 who are seeking versatile, stylish, and sustainable loungewear or workout wear.

CURRYiT raises Rs 4.5 Cr in seed round

EntrackrEntrackr · 1y ago
CURRYiT raises Rs 4.5 Cr in seed round
Medial

Cooking paste brand CURRYiT has secured Rs 4.5 crore in a seed round co-led by RK Family Trust, Tangent Advisors, and Freeflow Ventures along with participation from Ramesh Damani, Ajaya Jain, and others. CURRYiT had previously raised $139K co-led by RPSG Capital Ventures, IIMU, and others back in 2021. The fresh proceeds will be allocated towards scaling up operations, enhancing brand marketing efforts, and strengthening their distribution channels. According to market research, the Indian ready to cook and spices market is likely to grow at a compounded annual growth (CAGR) of 15.7%. Co-founded in 2020 by Richa Sharma and Nischal Kandula, CURRYIT stamps out the challenges of chemicals, preservatives, dehydrated vegetables and palm oil. It offers a range of cooking pastes including curry pastes such as Kashmiri rogan josh, butter masala, biryani pastes, ginger garlic paste, tomato purees, instant tadka, etc. The Delhi-based company claims to have served more than 25,000 pincodes per day and witnessed over 50% M-o-M growth on Q-commerce platforms. The brand aims to quadruple its monthly revenue in the next 6 months.

SkinInspired raises $2.9 Mn led by Spring Marketing Capital

EntrackrEntrackr · 25d ago
SkinInspired raises $2.9 Mn led by Spring Marketing Capital
Medial

Snippets SkinInspired raises $2.9 Mn led by Spring Marketing Capital New Delhi-based dermaceutical skincare brand SkinInspired has raised $2.9 million (Rs 24 crore) in a Series A funding round led by Spring Marketing Capital. The round also saw participation from Lotus Herbals’ Beauty Innovation Fund and Arihant Patni of Patni Financial Advisors. Existing investor Unilever Ventures participated as well. Earlier in July 2024, it raised Rs 12.25 crore (approximately $1.5 million) in its seed round led by Unilever Ventures and others. The proceeds will be used to scale research and product innovation, invest in brand building, and expand the team. SkinInspired also plans to widen distribution as it scales in India’s dermaceutical skincare market. Founded in 2022 by FMCG veteran Piyush Jain and dermatologist Dr. Prashant Agrawal, SkinInspired focuses on efficacy-led, clinically tested skincare products developed in collaboration with dermatologists. The company works with over 200 dermatologists and reports strong repeat usage across its portfolio. Agrawal said the brand will continue to prioritise formulation quality, ingredient transparency, and clinical validation, while adhering to vegan and cruelty-free standards. SkinInspired is also backed by angel investors including Arjun Vaidya, Ruchi Kohli, Chinmaya Goyal, Ana Kapur, Jivraj Singh Sachar, and Swapnil Sheth.

Rare Rabbit raises $18 Mn from A91 Partners, Zerodha founders’ fund, others

EntrackrEntrackr · 1y ago
Rare Rabbit raises $18 Mn from A91 Partners, Zerodha founders’ fund, others
Medial

New-age fashion brand Rare Rabbit has raised Rs 150 crore (approximately $18 million) in primary capital led by A91 Partners. This is the maiden institutional investment for a Bengaluru-based company since its inception in 2015. The board at Rare Rabbit has passed a special resolution to issue 69,230 compulsory convertible preference shares at an issue price of Rs 21,670 each to raise Rs 150 crore, its regulatory filings accessed from the Registrar of Companies show. A91 Partners led the round with Rs 102 crore while Zerodha’s founders NKSquared injected Rs 29 crore. Gruhas Proptech, Ravi Modi Family Trust, and Vendant Modi cumulatively participated with Rs 18.92 crore during the investment. As per TheKredible’s estimates, the company has been valued at around Rs 2,350 crore or $283 million post-allotment. Following the fresh proceeds, the A91 emerging fund will hold 9.65% of the capital while NKSquared and Ravi Modi Family Trust will get 4.15% and 2.13% of the stake in the company, the filing further added. This appears to be a part of a larger round as Rare Rabbit was in talks to raise Rs 500 crore led by A91 partners. Inc42 reported the development first. Rare Rabbit is a high-end fashion brand specializing in designer clothing for men and women. The brand operates more than 100 stores across India and offers collections through its online store. Rare Rabbit demonstrated rapid growth, which is evident from its revenue that scaled 72.3% to Rs 381 crore in FY23 with a positive bottom line of Rs 32 crore in FY23. The company reportedly clocked a revenue of Rs 600 crore in FY24. Rare Rabbit competes with brands like Souled Store, which raised around $29 million and achieved a revenue of Rs 235 crore in FY23. Its other competitors Snitch and WROGN also raised $13 million and $15 million in December 2023 and June respectively. In the past couple of months, a clutch of fashion and apparel brands have raised their maiden institutional round. In May, A91 Partners led a $21 million round in TechnoSport whereas Libas raised $18 million led by ICICI Venture’s fund.

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