Fashion Startup Theater Bags Funding From Prath Ventures, Others

Fashion Startup Theater Bags Funding From Prath Ventures, Others

SUMMARY

Theater, a women's fashion startup founded in 2021, has secured $1.5 Mn in Pre-Series A funding led by Prath Ventures.

The funds will be used to expand into quick commerce, increase offline presence, and improve design and production processes.

The investment highlights growing investor interest in India's women's fashion market, particularly in shoes and perfumes segments.

Fashion startup Theater has raised $1.5 Mn (INR 12.45 Cr) in a Pre-Series A funding round led by Prath Ventures, along with participation from a host of undisclosed existing angel investors.

With this fresh capital, the company plans to strengthen its footprint in India’s fashion market, focused on women’s footwear, stockings, perfumes and bags.

Founded in 2021 by Sarthak Aggarwal, Vikram Jain, Karan Jain, and Shruti Aggarwal, Theater offers women’s footwear, stockings, perfumes and bags.

“We are committed to crafting fashion and lifestyle products that are not only exquisitely made but also timeless in design. This funding empowers us to drive growth through new channels like quick commerce, expand our offline presence, and accelerate our design iteration and production processes,” said the startup’s cofounder and CEO Sarthak Aggarwal.

“Theater is disrupting the Women lifestyle space with strong design aesthetics and impeccable product quality. Indian consumption story is at its inflection point and we believe there is a whitespace in categories such as women’s shoes and perfumes,” said Piyush Goenka, managing partner at Prath Ventures.

Founded in 2022 by Piyush Goenka and Harmanpreet Singh, Prath backs startups in seed and Series A stages.

The Indian fashion ecommerce market is projected to surpass the expected to grow to $43.2 Bn by 2025, according to an Inc42 report.

Also, the D2C fashion industry has been gaining traction from a lot of investors. For instance, in May, ethnic wear brand Libas raised INR 150 Cr from ICICI Ventures for offline expansion. In the same month, menswear brand DaMENSCH secured INR 21.62 Cr in an extended Series B funding round.

Note: We at Inc42 take our ethics very seriously. More information about it can be found here.

You have reached your limit of free stories
Become An Inc42 Plus Member

Become a Startup Insider in 2024 with Inc42 Plus. Join our exclusive community of 10,000+ founders, investors & operators and stay ahead in India’s startup & business economy.

2 YEAR PLAN
₹19999
₹7999
₹333/Month
Unlock 60% OFF
Cancel Anytime
1 YEAR PLAN
₹9999
₹4999
₹416/Month
Unlock 50% OFF
Cancel Anytime
Already A Member?
Discover Startups & Business Models

Unleash your potential by exploring unlimited articles, trackers, and playbooks. Identify the hottest startup deals, supercharge your innovation projects, and stay updated with expert curation.

Fashion Startup Theater Bags Funding From Prath Ventures, Others-Inc42 Media
How-To’s on Starting & Scaling Up

Empower yourself with comprehensive playbooks, expert analysis, and invaluable insights. Learn to validate ideas, acquire customers, secure funding, and navigate the journey to startup success.

Fashion Startup Theater Bags Funding From Prath Ventures, Others-Inc42 Media
Identify Trends & New Markets

Access 75+ in-depth reports on frontier industries. Gain exclusive market intelligence, understand market landscapes, and decode emerging trends to make informed decisions.

Fashion Startup Theater Bags Funding From Prath Ventures, Others-Inc42 Media
Track & Decode the Investment Landscape

Stay ahead with startup and funding trackers. Analyse investment strategies, profile successful investors, and keep track of upcoming funds, accelerators, and more.

Fashion Startup Theater Bags Funding From Prath Ventures, Others-Inc42 Media
Fashion Startup Theater Bags Funding From Prath Ventures, Others-Inc42 Media
You’re in Good company