19 May 2022, Mumbai:
In a new funding round led by Eight Roads Ventures and Elevation Capital, a direct-to-consumer (D2C) women’s activewear brand, BissClub raised funds worth $15 million.
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The funds were raised from prominent angel investors including Sriharsha Majety, CEO, Swiggy’s; Ghazal Alagh, Co-Founder, Mamaearth; Vivek Gupta and Abhay Hanjura, Co-Founders, Licious and Abhay Hanjura; Amar Nagarman, Former CEO, Myntra; Munish Varma and Sumer Juneja, Executives, SoftBank; Brennan Loh, Executive, Shopify, and fashion influencer Masoom Minawala.
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Minu Margeret, Founder, and CEO, BlissClub says, the firm is on track to hit the Rs 100 crore of annual revenue run rate.
The firm generates over 90 percent of sales through its own platform while the rest comes from Amazon India and Myntra, she adds.
The company plans to make further investments in its technology, and expand into offline channels and research and development.
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