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

Will Banks Remain Closed Tomorrow? RBI Confirms Holidays For September 22

Will Banks Remain Closed Tomorrow? RBI Confirms Holidays For September 22

New GST Rates Effective From September 22, Which Daily Essentials Will Now Cost Less? Details Here

New GST Rates Effective From September 22, Which Daily Essentials Will Now Cost Less? Details Here

Will India, US Seal Trade Deal Soon? Goyal Heads To Washington Amid Visa Row

Will India, US Seal Trade Deal Soon? Goyal Heads To Washington Amid Visa Row

H1b Visa: Sanctions? Black Diwali? Or Has President Trump Hurt America?

H1b Visa: Sanctions? Black Diwali? Or Has President Trump Hurt America?

Akasa Air Expands International Operations: Launches Daily Mumbai-Phuket Flights As 6th Overseas...

Akasa Air Expands International Operations: Launches Daily Mumbai-Phuket Flights As 6th Overseas...