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Fashion brand Theater raises Rs 56.25 crore ($6M) in Series A led by Niveshaay at Rs 400 Cr valuation. Capital will support expansion and working capital needs.
Ipv InternationalVishal JulkaSaket AgarwalSkagen VenturesFirst Port CapitalNiveshaay
Description
Theater, a digital-first fashion and lifestyle brand, has raised Rs 56.25 crore (approximately $6 million) in Series A funding led by Niveshaay. The round included participation from FirstPort Capital, Skagen Ventures, Saket Agarwal, Vishal Julka, and IPV International. The company's post-money valuation reached Rs 402 crore ($43 million), representing a 4.5X increase from its previous Rs 90 crore valuation. The fresh capital will be allocated toward business expansion, working capital requirements, balance sheet strengthening, and future growth initiatives.
Company Information
Company
Theater
Location
Chandigarh, Chandigarh, India
About
Theater is a dynamic and rapidly growing fashion startup based in India. Our mission is to create India's best design-led, mass-premium western fashion company.
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ChandigarhManufacturingE CommerceFashionRetailLifestyle