Connect with us

Fashion

XYXX Menswear Brand Raises INR 30 Cr in Series A Funding

Published

on

 


XYXX will use the fresh funds to expand its physical presence with the goal of making its products available in 15,000 retail outlets

Prior to that, XYXX had raised 6 Cr INR from Sauce.vc, as part of its pre-series A fundraiser.

According to the latest funding data from Inc42 Plus, in the first quarter of 2021, D2C startups raised $ 142 million, or 27% of total ecommerce startup funding.

Men’s clothing brand based in Surat XYXX raised INR 30 crore as part of its Series A financing of DSG Consumer Partners and Synergy Capital Partners with the participation of existing investor Sauce.vc.

According to the company’s statement, it will use the new funding to expand its physical presence with the goal of having its products available in 15,000 retail outlets across the country over the next year.

Prior to that, XYXX had raised 6 Cr INR from Sauce.vc, as part of its pre-series A fundraiser. Sauce.vc is a consumer-focused startup investment fund that made similar investments. in brands such as Bare Anatomy, Gobbly, Postcard, Misters and others.

Founded in 2016 by Yogesh Kabra, XYXX is a direct-to-consumer (D2C) brand that offers a range of men’s underwear made from a plant-based body temperature control fabric. It is currently retailed through over 6,000 strategic offline outlets and all major e-commerce markets including Amazon India, Myntra, Flipkart and Ajio.

Our mission is to challenge the status quo and strengthen our position as a proudly local brand at the forefront of wearable technology. In the past year itself, we’ve seen a massive growth of over 300% (in revenue) from pre-pandemic levels. We are happy to have found the perfect partners in DSG Consumer Partners, Synergy Capital Partners, ”Kabra, founder of XYXX said in a statement on June 16.

According to Hariharan Premkumar of DSG Consumer Partners, the underwear segment is one of the fastest growing fashion categories in the Indian subcontinent. The market is expected to reach INR 21,800 crore by 2028, with a compound annual growth rate (CAGR) of 7%.

D2C startups have recently gained the attention of investors in recent quarters. According to the latest funding data from Inc42 Plus, during the fiscal quarter ended March 2021 (Q1 2021), D2C startups raised $ 142 million, or 27% of total ecommerce startup funding. More importantly, between Q1 2020 and Q1 2021, the amount of funding for D2C startups saw an average quarterly growth of 93%.

Some of the top Indian D2C startups to raise funds in the first quarter of 2021 include consumer electronics tech startup boAt, which has raised $ 100 million in Warburg Pincus funding round; Sugar cosmetics, who raised $ 21 million in a Series C round led by Elevation Capital; and, personal care brand Juicy chemistry, which raised $ 6.3 million in a Series A funding round led by Belgian family-owned private investment firm Verlinvest. Bombay Shaving Company, Zouk and Bewakoof were among other top D2C startups that raised funds in the first quarter of 2021, ending in March.

Join over 1000 attendees and a roster of over 50 expert speakers at India’s largest D2C conference! Claim 50% + 30% Off Today!



What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos



picture credit

ExBUlletin

to request, modification Contact us at Here or [email protected]