Bewakoof.com raises $11.2 mn funding from Investcorp
Global alternative asset manager Investcorp invested USD 11.2 million (about Rs 79.5 crore) investment in Bewakoof.com.
Founded in 2011 by Prabhkiran Singh and Siddharth Munot, Bewakoof.com is a direct-to-consumer online apparel company. IndigoEdge was the advisor to Bewakoof.com for the deal, a statement said.
Bewakoof.com has strengthened its sales to more than 650,000 products per month with a customer base of over 4 million.
"Having grown significantly in the last couple of years, we will continue investing in improving the customer experience through technological innovation and focusing on talent acquisition," Bewakoof Brands co-founder and Director Prabhkiran Singh said.
Gaurav Sharma, Co-Head of Private Equity, Investcorp India, said, Bewakoof.com has an impressive tea...