Fast fashion brand NEWME has raised $18M in its Series A round! Led by Accel and backed by existing investors Fireside Ventures and AUM Ventures, Newme is ready to expand its omnichannel presence and enhance supply-chain tech. Founded by Shivam Tripathi, Sumit Jasoria, and Vinod Naik, this brand is making waves with self-branded clothing available both online and in-store. The startup plans to open 40-50 new stores across 20 key cities, including Guwahati, Shillong, and Imphal, in the next 12-18 months. With around 9X growth in revenue over the past 18 months and a projected three-fold increase this year, the future looks bright for Newme!
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