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[Funding News] TMRW Invests Rs 125 Cr in Wrogn

By Team VS
New Update
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Prashanth Aluru, TMRW, CEO

The men's wear brand Wrogn, which is funded by Accel and cricketer Virat Kohli, has received an investment of Rs 125 crore from TMRW House of Brands, an ecommerce rollup venture owned by Aditya Birla Group Venture.

Wrogn intends to leverage the funds to expedite its omnichannel expansion by expanding its physical presence and improving its direct-to-consumer (D2C) business. The company operates through both online and offline retail channels.

Read also - POP Secures $2.4 Mn Funding from India Quotient

Wrogn caters to males between the ages of 18 and 30, providing casual clothing, footwear, and accessories that are distinguished by their bold prints, vibrant colors, and streetwear influences.

With this investment, TMRW has now provided support to eight Indian fashion brands, including The Indian Garage Co, Bewakoof, Nobero, Nauti Nati, Urbano, JuneBerry, and Veirdo. The Indian Garage Co is a men's casualwear brand.

Within the next five years, Wrogn intends to generate revenue of Rs 1,500 crore. In the most recent fiscal year, which concluded on March 31, 2024, it generated revenue of Rs 300 crore.

About TMRW

Founded in 2022 by Prashanth Aluru, TMRW, an Aditya Birla Group venture, is building India’s largest portfolio of disruptor brands in the fashion & lifestyle space and enabling the next phase of direct-to-consumer (D2C) growth in India.

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Top Funding Wrap of the Week – 18 Nov – 22 Nov 2024

Indian startups raised capital to expand and become more successful. Here is this week’s Top Indian Startups Funding Roundup – 18 November – 22 November 2024

By Ayushi Jain
New Update
Top Funding Wrap of the Week – 18 Nov – 22 Nov 2024

Indian startups raised capital to expand and become more successful. Here is this week’s Top Indian Startups Funding Roundup – 18 November – 22 November 2024.

The Top Indian Startups Funding Roundup of This Week

Bain Capital

Bain Capital announced it completed fundraising for its latest Global Special Situations Fund, bringing the total amount raised for its second vintage of funds to $9 billion. 

Zepto

Zepto, the quick commerce leader, has raised $350 million from domestic investors at a $5 billion valuation.

HealthKart

HealthKart is an omnichannel nutrition platform has raised $153 million with ChrysCapital and Motilal Oswal Alternates leading the charge. Neo Group and current investor A91 Partners also took part in the fresh round.

VoloFin

VoloFin a supply chain finance firm located in Singapore has raised $50 million in a new fundraising round from a top-five global bank in the US that wants to be anonymous because of a non-disclosure agreement.

Zopper 

Zopper is an insurtech firm based in Delhi NCR, has raised $25 million (about INR 211.2 crore) in a Series D funding round headed by Elevation Capital and Dharana Capital, with Blume Ventures, an existing investor, also participating. 

OneCell Diagnostics

Cancer diagnostics startup OneCell Diagnostics has raised $16 million in Series A funding, led by Celesta Capital, with participation from Tenacity Ventures, Cedars Sinai, Eragon, and Singularity Ventures.

KGeN

Kratos Gamer Network (KGeN), a decentralized gaming platform, has raised $10 million in funding led by Aptos Labs. Polygon and Game7 also participated in the round, increasing KGeN’s valuation to $500 million, up from $150 million in February 2023.

Locad 

Locad is an e-commerce logistics business, has secured $9 million (about INR 76 crore) in a pre-series B investment round headed by Reefknot Investments and Global Ventures.

Billion Hearts

Former Koo Co-founder Mayank Bidawatka’s new venture, Billion Hearts Software Technologies Pvt Ltd, has raised $4 million in seed funding. The round was led by Blume Ventures with participation from General Catalyst and Athera Venture Partners.

CredFlow

A pre-Series B funding round headed by two of CredFlow's current investors, Inflexor Ventures and a Singaporean family office, has collected $3.7 million (about Rs 31.2 crore) for the fintech business.

FAQ

Name the Top Indian Startup Funding Roundup in This Week (18 November - 22 November, 2024 )
Bain Capital , Zepto , HealthKart , VoloFin , Zopper , OneCell Diagnostics , KGeN , Locad , Billion Hearts , CredFlow , are The Top Indian Startup Funding Roundup in This Week (18 November - 22 November, 2024 )

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Startup Stories: Discover inspiring tales of startups overcoming challenges and achieving success.

Funding News: Stay updated with the latest news and trends in startup funding and investment.

Startup News: Spotlight on Startup News, One Startup at a Time.