DaMENSCH raised $16.4 million in Series B led by A91 Partners

DaMENSCH

DaMENSCH, a Bengaluru-based menswear brand, has raised $16.4 million (INR 122.7 Cr) in a new funding round led by A91 Partners. The new round, which appears to be the Series B startup funding round, will also see participation from its existing investors such as Matrix Partners, Whiteboard Venture Partners and Saama Capital.

In accordance with recent regulatory filings seen by Inc42, at an Extraordinary General Meeting held on February 14, DaMENSCH’s Board of Directors passed a resolution to issue 5,761 Series B CCPS and 10 shares among the investors mentioned below above.

A91 Partners infuses nearly 100 Cr INR into the new cycle. It should be noted that the size of the round could increase with the possibility of a round of debt from Alteria Capital.

The investment comes almost 15 months after it last raised INR 50 Cr in its Series A round. Series A Funding Round saw participation from Matrix Partners India, Saama Capital, Whiteboard Venture Partners and Alteria Capital.

Founded in 2018 by Anurag Saboo and Gaurav Pushkar, the DaMENSCH product line includes Indias first Deo-Soft Odor Control Underwear and Neo-Skin Thermoregulating Vests made from a selected composition of sustainable bamboo fibres.

Over the years, the startup has expanded its product offering. According to its website, the startup now offers polo shirts, t-shirts, shorts, sweatshirts, hoodies, joggers, pajamas, tank tops and chino shorts for men.

The startup offers 30 days return and exchange on loungewear and claims to offer free delivery for products worth more than INR 600.

Tags : DaMENSCH funding,DaMENSCH latest funding

Startups

DaMENSCH raised $16.4 million in Series B led by A91 Partners

Tags : DaMENSCH funding,DaMENSCH latest funding

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