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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,” ....
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. Continue reading this story with a subscription to DealStreetAsia. Contact us for corporate subscriptions at [email protected]. Sign up for our newsletter - The Daily Brief Opt out of receiving The Daily Brief in your inbox everyday REGISTER stories left placeholder You have one free story left this month. You have stories left placeholder free stories left this month. This is your last free story of the month. ....
[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. 0 claps 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. ....