D2C Men's Clothing Brand DaMENSCH Raises INR 22 Cr From Existing Investors
India, May 2 -- Bengaluru-based D2C menswear brand DaMENSCH has raised INR 21.62 Cr (about $2.5 Mn) in an extended Series B round from its existing investors Matrix Partners, Saama Capital, Whiteboard Capital, and A91 Emerging Fund.
The startup's board passed a resolution last month to raise the funding by issuing compulsorily convertible preference shares to the investors. The funds were raised at a post-money valuation of about $66 Mn, as per Inc42 estimates.
The development was first reported by Entrackr.
The fundraise comes almost two years after DaMENSCH raised $16.4 Mn in a funding round led by A91 Partners.
Including the latest funding round, DaMENSCH has raised over $25 Mn till date.
Founded in 2018 by Anurag Saboo and Gaurav...
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