eské, a Mumbai-based direct-to-consumer (D2C) lifestyle brand, has raised a $1.5 million in a pre-series A round led by Mistry Ventures. This round also saw support from Fluid Ventures.
The proceeds will be used to expand its product portfolio, open experience centres, enhance its technology platform, and enter new markets, eske’ said in a press release.
Launched five years ago, eské offers premium handbags, briefcases and accessories for the global modern consumer in the price range of Rs 3,000 to Rs 10,000.
The brand has a strong online presence through its own website and various e-commerce platforms, as well as offline stores in select cities across India.
Eske currently generates the majority of its sales from its website followed by other e-commerce marketplaces. The brand claims to have been profitable this year and aims to double its growth in the coming year.
Earlier to this round, the startup had raised Rs 2.5 crore ($330,499) in a seed funding round led by Fluid Ventures in April 2022.