DaMENSCH, a premium men’s lifestyle brand, has raised $16.4 million (Rs 122.5 crores) in a series B fundraise led by A91 Partners. Existing investors Saama Capital, Matrix Partners and Whiteboard Capital also participated in the round. The brand would use funds to make investments in technology and to strengthen and diversify the product portfolio
“Our products are addressing a big white space in the wardrobe of the modern man. We have clocked Rs 100 crore ARR (annual recurring revenue) in 2021 making us the fastest D2C (direct to consumer) apparel brand to reach this milestone, on the back of our