India, March 5 -- Omnichannel streetwear brand Bonkers Corner is in advanced discussions to raise $12-15 Mn in its ongoing Series A funding round, sources told Inc42. The funding round is expected to comprise both primary fund infusion as well as secondary transactions.

As per sources, The funding round will be led by private equity (PE) firm India SME Investments along with participation from a host of other investors.

The startup plans to utilise these funds to fuel its offline expansion plans, sources added.

This will mark the second funding round for the six-year old D2C startup - materialising weeks after it raised its first external investment during Shark Tank India Season 5. In February, the startup raised Rs.1.5 Cr from Emcure...