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Virgio, a fashion tech startup raises $37 min in Series A funding round co-led by Prosus Ventures, Accel and Alpha Wave. The money will be used for recruiting and more technological advancement.
Amar Nagaram founded Virgio in 2022 with the goal of creating an international fashion company with an Indian base. Mukesh Bansal, Kunal Shah, Binny Bansal, Bhavesh Agarwal, Vidit Aatrey, Saif Ali Khan, Sriharsha Majety, Mekin Maheswari, Sameer Nigam, Reddy Ventures, and Viko Ventures are among the current group of investors, as per reported by BW Disrupt.
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“Traditionally, the fashion industry has operated on depth and discount models,” says Amar Nagaram, CEO and Founder of Virgio.
Virgio app stands for the dawn of a new brand of Social commerce. A platform that defines and disrupts the way fashion is discovered, unveiled, experienced, favorited and owned. They are the new fashion version where you fit in and you stand out.
“There is a large underserved market for branded apparel in India currently. The fashion industry in India is thus at an inflexion point,” adds Ashutosh Sharma, Head of India Investments, Prosus Ventures.
“India has a robust manufacturing base and is one of the largest exporters of textiles globally; we believe the time is ripe for this group to rapidly adopt digital practices. We are excited to be early backers of Virgio, Amar and his team,” Subrata Mitra, Partner at Accel said.
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About Virgio
At Virgio, they believe it is also about Express and Evolve. They are a young label taking a tech led, design forward manifestation of snatched trends for Gen Z wave makers. Virgio is everything now, everything new, and others’ tomorrow
