Madbow Ventures raises 2 Million dollars in Series – A funding
New Delhi (India), January 21: Madbow Ventures Ltd., one of the leading names in the fashion industry, co-founded by Naveen Mahlawat in August 2016, has raised $2 million in their Series A funding round led by Planify Capital, the strategic investment banker for Madbow.
Key investors that contributed towards the Series A funding are Junita Majumder, owner at JK Future; Bhumika Srivastava, HR partner at Airbnb; Sanjay Damani, accredited investor from Mumbai; Jagannath MS, angel investor from Bangalore; Pranab Dutta, angel investor from Narayana, Delhi; Bhagya Lakshmi Inti, ace investor from Medchal, Telangana; and others which helped Madbow reach a post-funding valuation of Rs.100 Cr, boosting its share price to Rs.550 per share.
Madbow is a digitally native consumer technology platform, delivering a content-led, lifestyle retail experience to consumers. It is a platform for brands where it creates brands across the categories and moves them to scale them at a fast pace with the help of technology, marketing, and years of experience in operations to make successful D2C brands.
Since their incorporation in 2016, they have invested both capital and creative energy towards designing a differentiated journey of brand discovery for consumers. They have a diverse portfolio of lifestyle products like footwear, western wear, ethnic, and other fashion products, including their own brand products manufactured by them. As a result, they have established themselves not only as a lifestyle retail platform but also as a popular consumer brand selling on their niche websites as well as in the marketplace.
Madbow has a few in-house brands catering to lifestyle and fashion like stalkbae.com, streetstylestalk.com, slaydeal.com, lovedamoda, and SlayXO.com, which are also available on mobile applications. Style stalk has 6 lakh downloads, Slaydeal has 32 thousand downloads, and stalk bae has 11 thousand downloads.All these websites cater to different customer segments, like one that deals particularly with the mass segment, whereas StalkBae is more toward premium products.
The brand has a base of around 12,00,000+ satisfied customers in a market of more than 25K serviceable PIN codes throughout India. MadBow currently owns an export license and caters to international borders like Europe and Africa. Madbow’s private label brands have had huge success on social media and have amassed more than 1 million followers on social media.
Mr. Naveen Mahlawat, CEO of Madbow Ventures limited, stated, “The funds raised will be used for the company’s expansionary purposes as the company is planning to launch fashion brands and labels in kids, ethnic, high fashion, cosmetics, and general merchandising, as well as bring all the fashion and lifestyle requirements under one roof. After experiencing amazing responses from various events and exhibitions, we are also planning for 100+ MBO stores and 10 EBOs by the end of 2022.
Madbow Ventures Ltd eyes Rs 100 cr Revenue in Next 18-24 Months. Recently Madbow has done strategic tie-ups with leading marketplace players like Myntra, AJIO, Amazon Fashion etc., and provided curated designs after discussing with their fashion teams.
Planify Capital’s CEO, Rajesh Singla, commented, “This funding round will be one of the stepping stones towards the success of Madbow Ventures as a fashion brand. The company looks promising with positive cash flows since inception, scaling at 100% every year. They have a core female and customer-centric approach which would help them scale.”
About: Planify is a fintech startup that focuses on building India’s first marketplace for private equity. Planify acts as an investment banking firm for start-ups and private companies to help them raise funds through its various channels. Planify also offers stocks that are not yet listed to investors (Angel, Accredited Investors, VC, AIF, and PE Funds) so that the exchange of hands can become easy in unlisted companies on their own platform.
Website link: www.planify.in
15 thoughts on “Madbow Ventures raises 2 Million dollars in Series – A funding”
Have you ever considered creating an ebook or guest authoring on other sites?
I have a blog based on the same ideas you discuss and would really
like to have you share some stories/information. I know my subscribers would enjoy your work.
If you’re even remotely interested, feel free to shoot me an email.
Heya i’m for the primary time here. I came across this board and I in finding It truly helpful & it
helped me out a lot. I’m hoping to provide one thing again and
help others such as you helped me.
I think that everything wrote was very logical. However, think
about this, what if you were to write a killer title? I mean, I don’t
wish to tell you how to run your website, however suppose you added
a post title that makes people want more? I mean Madbow Ventures raises 2
Million dollars in Series – A funding – City Reporters is kinda plain. You could peek at Yahoo’s home page and
watch how they create news headlines to grab people to click.
You might try adding a video or a related pic or two to get
people interested about everything’ve written. In my
opinion, it would bring your posts a little bit more interesting.
A motivating discussion is definitely worth comment.
I think that you need to publish more about this subject, it may not be a
taboo matter but generally folks don’t discuss
such topics. To the next! Cheers!!
My coder is trying to convince me to move to .net from PHP.
I have always disliked the idea because of the expenses.
But he’s tryiong none the less. I’ve been using Movable-type on various websites for about a year and am nervous
about switching to another platform. I have heard great things
about blogengine.net. Is there a way I can import all my wordpress content into
it? Any kind of help would be greatly appreciated!
Thanks for every other informative blog. The place else
could I am getting that kind of info written in such a perfect means?
I have a challenge that I’m simply now running on, and I’ve been at the look out for such info.
Write more, thats all I have to say. Literally, it seems as though you
relied on the video to make your point. You clearly know what youre talking about, why waste your
intelligence on just posting videos to your weblog when you could be giving us something enlightening to read?
May I just say what a comfort to uncover a person that really knows what they’re discussing on the net.
You certainly know how to bring a problem to light and make
it important. A lot more people have to check this out and understand this side
of your story. I was surprised you aren’t more popular because you surely
have the gift.
Great blog here! Also your website loads up fast! What host
are you using? Can I get your affiliate link to your host?
I wish my web site loaded up as quickly as yours lol
Why viewers still use to read news papers when in this technological globe all
is existing on net?
Hi I am so grateful I found your blog page, I really found you by error, while I was browsing on Digg for something
else, Nonetheless I am here now and would just like to say thank you for a
remarkable post and a all round entertaining blog
(I also love the theme/design), I don’t have time
to look over it all at the minute but I have book-marked it and also added
your RSS feeds, so when I have time I will be back to read a lot more, Please
do keep up the fantastic work.
best online pharmacy without prescription
no prescription canadian pharmacies
best online pharmacies without prescription
safe canadian pharmacies online