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Monrow secures undisclosed funding from 9Unicorns
March 10, 2021
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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
India: PointOne Capital reaches first close of its maiden early-stage fund
Photo: Unsplash Premium
Pre-seed and seed focused venture capital firm PointOne Capital has reached the first close of its maiden fund, per an announcement.
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[Funding Alert] VC fund PointOne Capital announces the first close of its maiden fund
The pre-seed focussed venture capital fund plans to gather a total corpus of Rs 50 crore with the aim to invest upto Rs 1 crore per startup.
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Pre-seed focussed venture capital fund,
PointOne Capital, announced the close of the first round of its maiden fund. The Alternative Investment Fund (AIF) registered under category one at the Securities Exchange Board of India (SEBI) plans to gather a total corpus of
Rs 50 crore with the aim to invest up to
Rs 1 crore per startup.
India is said to be the third-largest startup economy in the world after the US and China.