Indian style model Bewakoof raises ₹30 cr from IvyCap Ventures

Pic: Shutterstock


Indian direct-to-consumer (D2C) style model Bewakoof just lately introduced elevating ₹30 crore from IvyCap Ventures Belief Fund II. The funds would assist it evolve right into a ₹1,000-crore firm by fiscal 2023-24, it stated. The recent infusion comes ten months after its earlier fundraise in Might final yr, when had raised ₹8 crore, the corporate stated in a press release.

Bewakoof intends to speculate the funds in enhancing buyer expertise, expertise and newer product classes because it prepares for the following part of progress, a information company reported.

Based in 2012, Bewakoof claims to have registered income of over ₹200 crore in fiscal 2018-19.

Because of the pandemic, the corporate expects income to be 30-35 per cent decrease than pre-COVID numbers, however with higher unit economics than the earlier yr.

Bewakoof is backed by institutional traders like Investcorp, Uniqorn Ventures, Pratithi Belief, and some different angel traders.

Fibre2Fashion Information Desk (DS)


Indian direct-to-consumer (D2C) style model Bewakoof just lately introduced elevating ₹30 crore from IvyCap Ventures Belief Fund II. The funds would assist it evolve right into a ₹1,000-crore firm by fiscal 2023-24, it stated. The recent infusion comes ten months after its earlier fundraise in Might final yr, when had raised ₹8 crore, the corporate stated in a press release.

Source link