Mumbai-based Protinus Fashion Networking Pvt Ltd, which owns and operates fashion commerce and retail management platform 6Degree, has raised an undisclosed amount in pre-Series A funding from SucSEED Ventures.
The startup plans to use the funding proceeds to grow its fashion commerce business.
Started in 2015 by Nikhil Hegde and Amit Bhardwaj, 6Degree claims to provide single-window access to the industry, eliminating the need for middlemen, reducing costs and improving the go-to-market for designers and brands.
The startup claims to have over 15,000 professionals and more than 4,000 designers on its platform. It also boasts partnerships with brands and platforms such as IMG Reliance, Lakme Fashion Week, and Fashion Design Council of India.
INDIA DEAL MONITOR
Here are some prominent venture capital transactions in India between July 15 and July 19, 2020.
|Startup||Headquarter||Investment Size (USD)||Investment Stage||Lead Investor(s)||Other Investor(s)||Industry||Verticals|
|6Degree||Mumbai||-||Pre-Series A||SucSEED Ventures||-||Retail||-|
|ThriveFNC||Pune||-||-||Rajesh Ranavat, Executive Director at Fung Strategic Investments||-||Healthcare Services||Fitness & Wellness|
|Vedantu||Bengaluru||100 million||Series D||Coatue Management||-||Education/Training||EdTech|
|Uable||Bengaluru||-||Seed||3One4 Capital||Amrish Rau, Jitendra Gupta, Global Founders Capital, Inflection Point Ventures, AngelList||Education/Training||EdTech|
|uFony Services Pvt. Ltd||Pune||-||-||The Chennai Angels (TCA)||-||Education/Training||EdTech|
|Zeotap||Bengaluru/Berlin||42 million||Series C||-||Neue Capital, European Investment Bank (EIB), Coparion, New Science Ventures, Capnamic Ventures, Iris Capital, HERE, Innov8 (Singtel), IONIQ, Eric Roza, Chris Scoggins||Software||SaaS|
|Crio.Do||Bengaluru||936,197||Pre-Series A||021 Capital||Ravi G, Mekin Maheshwari||Software||EdTech|