Singularity Opportunities Growth Fund, the brand's lead investor, helped men's innerwear company XYXX Apparels raise Rs 90 crore (about $11 million) in its most recent investment round.
Trifecta Capital contributed a debt infusion of Rs 15 crore (about $2 million) to the round.
The fundraising round also included participation from current investors such as Sauce Venture Capital and DSG Consumer Partners.
Including the most recent round, the brand has already raised Rs 135 crore ($16.9 million).
XYXX is a modern menswear company that manufactures and sells items in the categories of innerwear, comfortwear, loungewear, activity wear, and winter wear. It was founded in 2017 by Yogesh Kabra.
The company wants to establish agreements with significant large-format stores and open its first unique brand outlet in Mumbai.
In addition to having an online presence on major ecommerce sites like Amazon, Flipkart, Myntra, and Ajio, the company currently sells its products in 14,000 multi-brand stores distributed across 100 cities.
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Securities Support WhatsApp Number
+91 9892691696
www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.