Streetwear brand Bonkers Corner raises $10.5 Mn in Series A round

D2C streetwear brand Bonkers Corner has raised Rs 95 crore (around $10.5 million) in its Series A funding round led by India SME Investment Fund.

The round also saw participation from Radhakrishna Ramnarain Pvt Ltd, Namita Thapar, and over 20 other investors.

The new funding will mainly be used to expand the brand’s offline retail stores. This reflects a growing trend where digital-first D2C brands in India are investing more in omnichannel growth.

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Bonkers Corner began discussions for new funding soon after raising its first external investment earlier this year on Shark Tank India Season 5. During the show, Namita Thapar of Emcure Pharmaceuticals invested ₹1.5 crore in the startup at an implied valuation of ₹300 crore.

Founded in 2020 by Shubham Gupta, the Mumbai-based Bonkers Corner is a streetwear fashion brand that sells clothing for both men and women. Its products include oversized graphic T-shirts, gym wear, hoodies, sweatshirts, and co-ord sets.

For the financial year ending March 2025, the startup reported a 23% year-on-year increase in operating revenue to ₹123 crore. It also recorded a profit of ₹4.3 crore during the fiscal year.

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