Lingerie Brand 'Inner Sense' Secures Funds From Venture Catalysts

Lingerie Brand 'Inner Sense' Secures Funds
From Venture Catalysts




Lingerie brands startup Inner Sense has secured Rs 2.5 cr (USD 385,000) in the startup’s pre-Series round A from Funding and incubation platform Venture Catalysts. Dharmesh Dalal, Vijay Lakhani and Matulya Shah, Venture Catalysts were the major investing partners present as per the company’s statement.
The company will use the capital for expansion, said co-founder Lakhani, an NIFT graduate.
Dalal, partner at Ekkum Advisors LLP and one of the investors, said limited competition in the women’s innerwear segment and the founders’ expertise in textiles and product design will help Inner Sense expand.
Mumbai-based investment platform usually invests between $250,000 and $1 million in early-stage startups. It operates in seven cities Delhi, Mumbai, Bengaluru, Kolkata, Lucknow, Raipur and Surat.
Inner Sense was set up in 2014 by Abhishek Lodha and Neerja Lakhani. It sells organic antimicrobial innerwear products mainly through 18 E-commerce platforms in India and four overseas. It offers 120 styles across categories in women’s innerwear.


Comments

Post a Comment

Popular posts from this blog

LT Foods To Set Up Rice Processing Plant In Europe

Image
LT Foods To Set Up Rice Processing Plant In Europe LT Foods plans to expand its geographical footprint in important markets of Europe and UK through this plant by increasing its sales from the current 5000 tonnes to 60000 tonnes over the next 3 years. With an aim to popularise its Daawat brand of rice in Europe, LT Foods commenced operations of its first rice processing plant at Rotterdam, Netherlands. LT Foods has made an investment of $15 million in the plant with initial capacity of 60000 tonnes and scope for further expansion in the future. LT Foods plant is the first rice processing plant by any Indian foods brand in Europe. The Company would be manufacturing a wide range of rice including popular varieties like Basmati, Thai, Jasmine and American rice from the new plant. Rotterdam, which is popularly known as the gateway to Europe will be a critical geographical location. Ahmed Aboutaleb, Mayor, Rotterdam, Netherlands, said, "We are extremely happy to w...
Read more

German Cosmetic Brand, BeYu Plans To Launch 300 Stores

Image
German Cosmetic Brand, BeYu Plans To Launch 300 Stores German premium cosmetic brand, BeYu from the ARTDECO group, aims to launch 300 stores by end of FY 2017-18. Out of these 300 stores, BeYu will launch 20 company owned and 280 shop-in-shop stores, BeYu India spokesperson said. In March 2017, Be Yu entered Delhi in a partnership with Kaunis Marketing Services. The brand which has presence in 40 countries globally is looking to have its stores in cities such as Mumbai, Delhi, Lucknow, Kanpur, Chandigarh, Ludhiana, Pune, Nagpur, Ahmedabad, Baroda, Surat, Bengaluru, Hyderabad, and Kolkata among other. Ajay Ghooli, Managing Director, Kaunis Marketing Services, said, "By the end of this year BeYu plans to have approximately 300 stores across cities including Mumbai, Delhi, Lucknow, Kanpur, Chandigarh, Ludhiana, Pune, Nagpur, Ahmedabad, Baroda, Surat, Bengaluru, Hyderabad, and Kolkata."
Read more

Flipkart, Walmart To Complete $7-Bn Deal, Valuation To Reach $20 Bn

Image
Flipkart, Walmart To Complete $7-Bn Deal, Valuation To Reach $20 Bn In a move to put other E-commerce players in competition US retailer Walmart Inc. is in talks to spend about $7bn to become top investor in India’s leading e-commerce company, a move that would put the US retailer in competition with Amazon.com Inc. in one of the most promising online retail markets. The deal would give Walmart a major stake in an emerging e-commerce market of 1.3 billion people if the conclusion stays positive. The Bentonville, Arkansas-based retail giant plans to buy a third of Flipkart Online Services, in part by purchasing stakes from Tiger Global Management and SoftBank Group Corp., said the people wishing anonymity. The deal may push the valuation of homegrown startup to about $20bn, up from about $12bn last year. Flipkart which itself is facing challenge from Amazon may gain sales after being backed from Walmart. Founder Jeff Bezos has already pledged to invest $5.5bn in India and in...
Read more