₹75 crore Series A led by Niveshaay at a ₹410 crore post-money valuation, 4.5 times the roughly ₹90 crore Theater carried previously.
Regulatory filings account for ₹56.25 crore of that, through 2,145 CCPS at ₹2,62,224 each. Niveshaay put in ₹37 crore, FirstPort Capital ₹12.81 crore and Skagen Ventures ₹3.36 crore. The balance is…
The four founders hold roughly 65% between them after the round, and the largest institutional shareholder sits below 10%, which points to a business that grew without needing much outside capital.
The offline expansion is described as brand building, but for a footwear brand it is also a returns fix. Fit is the biggest driver of returns in online fashion, and a pair sold in a store does not…
No revenue, growth rate, margin, store count or payback period has been disclosed.
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