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D2C Denimwear Brand Freakins Raises $4 Million From Matrix Partners, Blume Ventures, Others

PRIVATEJul 05, 2023

Amount Raised

$4 Million

Round Type

Seed

MumbaiE CommerceFashionRetailLifestyle

Description

Direct-to-consumer (D2C) denimwear brand Freakins has raised $4 million in a funding round led by Matrix Partners India and Blume Ventures. Other investors who participated in the seed funding round include Revant Bhate (Mosaic Wellness), Navin Agarwal (Sonal Apparels), Chakradhar Gade (Country Delight), Utkrishta Kumar (Meesho), and Asish Mohapatra (OfBusiness).Powered ByVideo Player is loading.Play VideoPlaySkip BackwardUnmuteCurrent Time 0:00/Duration 50:00Loaded: 0.84%00:00Stream Type LIVESeek to live, currently behind liveLIVERemaining Time -50:00 1xPlayback RateChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedAudio Trackdefault, selectedPicture-in-PictureFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanOpacityOpaqueSemi-TransparentText BackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanOpacityOpaqueSemi-TransparentTransparentCaption Area BackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanOpacityTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.AdvertisementThe startup, founded by Puneet Sehgal, Shaan Shah and Sachin Shah, will utilise the funds to enhance its supply chain capabilities by tying up with factories specialising in denim, knits, and woven fabrics. “The funding will facilitate our expansion into new categories, further enhance our manufacturing capabilities and extend our distribution footprint

Quick answer

Freakins raised $4 Million in a Seed round, dated July 5, 2023. Freakins is based in Mumbai, Maharashtra, India.

How much did Freakins raise?
Freakins raised $4 Million in a Seed round on July 5, 2023.
What does Freakins do?
Mumbai-based Freakins is India’s own fastest growing Denim Wear brand that strongly believes in being bold and comfortable.
Where is Freakins based and how big is it?
Freakins is based in Mumbai, Maharashtra, India.
Who are the decision-makers at Freakins?
Fundz holds 1 contact at Freakins. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in E Commerce and Fashion around the same time

Companies in the same sectors as Freakins that raised within 45 days of this round, from Fundz verified event records.

  • SKIMS raised $271M on July 7, 2023.
  • Ponto raised $2.6M (Seed) on June 30, 2023.
  • Jaya Apparel Group raised an undisclosed amount (Private Equity) on June 21, 2023.
  • Lalo raised $10M (Series A) on June 13, 2023.
  • Perfect Moment Ltd. raised $400K (Seed) on May 26, 2023.
  • Mainstreet Marketplace raised $2M (Seed) on June 26, 2023.

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Company Information

Company

Freakins

Location

Mumbai, Maharashtra, India

About

Mumbai-based Freakins is India’s own fastest growing Denim Wear brand that strongly believes in being bold and comfortable. Freakins was started by Shaan Shah and Puneet Sehgal in 2021. Freakins boldly experiments in designs and materials and a singular thought echoes the brand philosophy - “Dare to experiment.” Repurposing the staples made the brand enter the market with a new take on the iconic “Denim” for women. The brand aims to provide a constant variety in fashion and therefore releases new apparel every week. A Gen-Z focussed brand; the company has over 35+ categories with over 800 styles. All styles are meticulously designed and manufactured in-house, and products are sold through direct-to-consumer channels and marketplaces. Freakins was established with the mission of providing the finest denim wear for women in India. Puneet Sehgal and Shaan Shah bring in a fresh breath of young talent that understands the GenZ consumer. With a fashion-forward approach to keep the brand relevant to the consumer, Freakins have over 1500+ styles, featuring trendy fits, washes and rips that cater to diverse body types, preferences, and occasions, enabling women in dressing fashionably while maintaining a level of comfort. The brand strives to ensure that each garment becomes an extension of one’s personality. Freakins is sold through both D2C channels and marketplaces.

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