Monrow secures undisclosed funding from 9Unicorns
March 10, 2021
×
The company’s gross revenue runrate is at about ₹9 crore. The brand has raised a total of ₹5 crore so far
Bengaluru-based women’s direct-to-consumer footwear brand Monrow has raised an undisclosed funding from 9Unicorns, an accelerator venture capital fund that supports early-stage start-ups.
The funding comes as the lifestyle fashion segment is slowly recovering from the Covid-19 crisis. Monrow will use the funds to expand to Tier-II and III towns, even as it plans to open more brick-and-mortar stores this year.
“At a time when most emerging ventures were thinking before taking the next step forward in an uncertain environment, we have doubled down and accelerated our growth. We posted double-digit growth during the pandemic. Our funding speaks volumes about our ability to bounce back faster than most of the other brands in the space to register strong post-pandemic recovery,” Veena Ashiya, Founder, Monrow, said.