D2C fashion brand Madbow Ventures raises $2 mn in Series A funding

D2C fashion brand Madbow Ventures raises $2 mn in Series A funding

AgenciesUpdated: Friday, January 21, 2022, 04:52 PM IST
article-image
Naveen Mahlawat, CEO of Madbow Ventures limited stated that the company is planning to launch fashion brands and labels in kids, ethnic, high fashion, cosmetics, and general merchandising. | Photo: Pexels

Madbow Ventures Ltd., one of the leading names in the fashion industry, co-founded by Naveen Mahlawat, has raised $2 million in their Series A funding round led by Planify Capital, the strategic investment banker for Madbow.

Naveen Mahlawat, CEO of Madbow Ventures limited, stated, "The funds raised will be used for the company's expansionary purposes as the company is planning to launch fashion brands and labels in kids, ethnic, high fashion, cosmetics, and general merchandising, as well as bring all the fashion and lifestyle requirements under one roof. We are also planning for 100+ MBO stores and 10 EBOs by the end of 2022.

The key investors that contributed towards the Series A funding are Junita Majumder, owner at JK Future; Bhumika Srivastava, HR partner at Airbnb; Sanjay Damani, accredited investor from Mumbai; Jagannath MS, angel investor from Bangalore; Pranab Dutta, angel investor from Narayana, Delhi; Bhagya Lakshmi Inti, ace investor from Medchal, Telangana.

Madbow has a few in-house brands catering to lifestyle and fashion like stalkbae.com, streetstylestalk.com, slaydeal.com, lovedamoda, and SlayXO.com, which are also available on mobile applications.

(With inputs from ANI)

RECENT STORIES

Markets Bounce Back After 4-Day Slide, Sensex Rises 317 Points On Easing Inflation

Markets Bounce Back After 4-Day Slide, Sensex Rises 317 Points On Easing Inflation

RBI Expected To Deliver Final 25 bps Rate Cut In December, Repo Rate Seen At 5.25% By End-2025

RBI Expected To Deliver Final 25 bps Rate Cut In December, Repo Rate Seen At 5.25% By End-2025

India’s Trade Deficit Narrows To $18.78 Billion In June, Services Surplus & Import Drop Aid...

India’s Trade Deficit Narrows To $18.78 Billion In June, Services Surplus & Import Drop Aid...

AWL Agri Business Q1 FY26 Revenue Surges 21% YoY, Edible Oil Segment Drives Record Performance

AWL Agri Business Q1 FY26 Revenue Surges 21% YoY, Edible Oil Segment Drives Record Performance

SEBI Announces Settlement Scheme For Venture Capital Funds, Opens July 21; Ends January 19 Next Year

SEBI Announces Settlement Scheme For Venture Capital Funds, Opens July 21; Ends January 19 Next Year