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Almo raises $2 Mn in pre-Series A round led by IPV

Almo, a D2C brand in the men’s premium essential wear space, has raised $2 million in its pre-Series A round led by Inflection Point Ventures along with LetsVenture, AngelList India, and other angels. 

Almo said it will use the funding to ramp up its branding and marketing efforts along with setting up an R&D lab to continue innovating on sustainable product lines.

Launched in June 2020 by Abhishek Shah, Muskaan Jain and Chhavi Bhardwaj, Almo offers minimalistic designs through a range spanning underwear, topwear, loungewear and winter wear. 

The brand claims to have grown in terms of revenue and offerings in a short time since its inception and aims to cross Rs 100 crore revenue by year-end. Almo also plans to strengthen its 30 people team with further strategic hirings.

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