Total amount raised
₹3.9 Billions
Latest funding date
5/1/2023
Location
XYXX Apparels has successfully raised multiple rounds of funding, with the latest being a Series C round. The company has attracted notable investors, including DSG Consumer Partners and Amazon Smbhav Venture Fund.
Keep reading to explore the intricacies of XYXX Apparels' fundraising journey and the investors backing this innovative brand.
What Is XYXX Apparels?
Founded in 2016, XYXX Apparels is a Surat-based company specializing in men's premium clothing. The brand offers a wide range of innerwear, athleisure, and loungewear designed for comfort and style.
XYXX Apparels was established by Siddhartha Gondal and Yogesh Kabra. The company focuses on creating functional and refreshing products with quirky designs, catering to modern men's fashion needs.
With a team of 51-100 employees, XYXX Apparels continues to innovate in the retail and fashion industry, providing high-quality clothing options for men.
How Much Funding Has XYXX Apparels Raised?
- Seed Round
- Amount Raised: ₹60M
- Date: September 2019
- Lead Investors: Sauce.vc
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart operations and product development.
- Series A
- Amount Raised: ₹300M
- Date: June 2021
- Lead Investors: Sauce.vc
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand product lines and increase market reach.
- Venture Round
- Amount Raised: Not disclosed
- Date: April 2022
- Lead Investors: KL Rahul
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To leverage celebrity endorsement for brand visibility.
- Series B
- Amount Raised: ₹900M
- Date: August 2022
- Lead Investors: Singularity Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance distribution channels.
- Debt Financing
- Amount Raised: ₹1.5B
- Date: August 2022
- Lead Investors: Trifecta Capital Advisors
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support working capital and operational expenses.
- Series C
- Amount Raised: ₹1.1B
- Date: May 2023
- Lead Investors: Amazon Smbhav Venture Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To strengthen market position and drive efficiency through scale.
Total Amount Raised: ₹3.86B. Current Valuation: Not publicly disclosed.
Key Investors
- DSG Consumer Partners
- Details: DSG Consumer Partners is a venture capital firm that focuses on early-stage consumer businesses. They have a strong presence in the Indian market and have backed several successful brands.
- Investment Focus Areas: Consumer brands, food and beverage, personal care, lifestyle sectors.
- Notable Investments: Veeba, Raw Pressery, Epigamia.
- Amazon Smbhav Venture Fund
- Details: Amazon Smbhav Venture Fund is an investment arm of Amazon, focusing on startups and companies that can benefit from Amazon's ecosystem. They aim to support innovative and high-growth potential companies.
- Investment Focus Areas: E-commerce, logistics, technology-driven consumer brands.
- Notable Investments: Not specified.
- Sauce.vc
- Details: Sauce.vc is an early-stage venture capital firm that invests in consumer brands. They have a keen interest in companies that offer unique and high-quality products.
- Investment Focus Areas: Early-stage consumer brands.
- Notable Investments: Not specified.
- Anicut Capital
- Details: Anicut Capital provides debt and equity capital to growth-stage companies. They focus on supporting businesses that have a clear path to profitability and scalability.
- Investment Focus Areas: Growth-stage companies.
- Notable Investments: Not specified.
- Singularity Growth Opportunities Fund
- Details: Singularity Growth Opportunities Fund invests in high-growth potential companies. They aim to support businesses that are poised for significant expansion and market impact.
- Investment Focus Areas: High-growth opportunities.
- Notable Investments: Not specified.
What's Next for XYXX Apparels?
XYXX Apparels is poised for significant growth, with plans to expand its retail presence in key cities like Indore, Bangalore, and north Mumbai. Leveraging the recent ₹1.1B Series C funding led by Amazon Smbhav Venture Fund, the company aims to enhance its market position and drive efficiency through technology.
Future fundraising opportunities seem promising as XYXX continues to scale operations and explore new markets. However, challenges such as managing rapid growth, maintaining profitability, and facing stiff competition from established brands could test the company's resilience.
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