The Pant Project has raised nearly $11.5 million in its Series B funding round while Hunar.AI has raised about $4.15 million in a Series A funding round.
The Pant Project raises $11.5m led by Mirae Asset
Menswear brand The Pant Project has raised nearly $11.5 million (Rs 109 crore) in its Series B funding round led by Mirae Asset Venture Investments, according to media reports.
The funding also saw participation from existing investor Sorin Investments and new investors Hyperscale Ventures, B&K Securities, MGA Ventures and B2V Ventures, said an Entrackr report.
The company plans to use the fresh capital to expand its offline retail footprint, enter new product categories, and strengthen its omnichannel presence.
Founded in 2020 by brothers Dhruv Toshniwal and Udit Toshniwal, The Pant Project offers formal wear, denims, chinos, cargo pants, and more. The company has 25 exclusive outlets across India and aims to scale its retail network to more than 150 stores over the next two to three years. It is also looking to broaden its product portfolio beyond its core offerings to include men’s jeans, athleisure and casualwear.
Blume leads funding in Hunar.AI
AI-powered frontline workforce startup Hunar.AI has raised nearly $4.15 million (Rs 39.3 crore) in a Series A funding round led by Blume Ventures.
The financing also saw participation from Seedstars, Hyderabad Angels Fund, AVNM Ventures and Physics Wallah co-founders Alakh Pandey and Prateek Maheshwari, Entrackr reported.
The company plans to use the proceeds to meet working capital requirements, fund capital expenditure, support operations and expand its business, the report said.
Founded in 2022 by Krishna Khandelwal and Shantanu Bhattacharyya, Hunar.AI develops AI-powered voice agents to automate frontline workforce functions, including recruitment, onboarding, training and employee engagement. Its multilingual voice AI platform helps businesses streamline hiring and workforce management processes.
