India Deal Monitor: Lightbox puts $8m in Bombay Shirt Co. and more updates

By Pramugdha Mamgain

December 13, 2019

Tomorrowland Apparels Pvt. Ltd, which operates apparel brand Bombay Shirt Company, has raised $8 million in equity financing from venture capital firm Lightbox.

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.

StartupHeadquarterInvestment Size (USD)Investment StageLead Investor(s)Other Investor(s)Sector
Bombay Shirt CompanyMumbai8 millionEquity FinancingLightbox-Apparel
SlintelCalifornia1.5 millionSeedStellaris Ventures and participation from Accel Partners, Anand Jagannathan, Ashish GuptaTechnology
Box8Mumbai1.69 millionDebtTrifecta Capital-Food Tech
GenY LabsHyderabad, Toronto700,000SeedBVR Mohan Reddy, Indian and Canadian investorsDevdatt Shah, Vikram KhuranaTechnology
Rein GamesNoida707,213SeedMEMG (Manipal Education and Medical Group) family office, Titan CapitalHNIsGaming
FoodCloudNew Delhi--Arjun Kapoor-Food

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.
APPLY NOW

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.
APPLY NOW