The deal involves a mix of both primary and secondary components, per a company statement. Other details of the transaction were not disclosed.
The latest round takes Bombay Shirt Company’s total funding to $11 million to date.
The apparel company will use the proceeds to automate its production and supply chain, and to expand its physical footprint to about 40-50 stores over the next 18 months. It will further use the funds to broaden its menswear range to include trousers, denims and other products.
INDIA DEAL MONITOR
Here are some of the venture capital transactions in India between December 12-December 13.
|Startup||Headquarter||Investment Size (USD)||Investment Stage||Lead Investor(s)||Other Investor(s)||Sector|
|Bombay Shirt Company||Mumbai||8 million||Equity Financing||Lightbox||-||Apparel|
|Slintel||California||1.5 million||Seed||Stellaris Ventures||and participation from Accel Partners, Anand Jagannathan, Ashish Gupta||Technology|
|Box8||Mumbai||1.69 million||Debt||Trifecta Capital||-||Food Tech|
|GenY Labs||Hyderabad, Toronto||700,000||Seed||BVR Mohan Reddy, Indian and Canadian investors||Devdatt Shah, Vikram Khurana||Technology|
|Rein Games||Noida||707,213||Seed||MEMG (Manipal Education and Medical Group) family office, Titan Capital||HNIs||Gaming|
|FoodCloud||New Delhi||-||-||Arjun Kapoor||-||Food|