Showroom B2B, a supply chain platform in the fashion and apparel sector, has raised $6.5 million in a pre-Series A funding round led by Jungle Ventures with participation from Accion Venture Lab, Saison Capital and ICMG Partners. Existing backers Strive, Gemba Capital, Titan Capital, Alteria Capital and Stride Ventures also participated in the round.
Entrackr exclusively reported about the new round in June. Previously, it scooped up $1.35 million in seed funding in January this year and $180,000 in angel round in 2021.
The proceeds will be used in scaling the company’s phygital distribution model and opening additional experience stores across India’s tier II and III markets, Showroom B2B said in a press release.
Started by Abhishek Dua and Shubham Gupta in 2021, Showroom B2B combines digital and physical markets to offer a unique proposition to manufacturers and retailers. It covers major apparel fashion categories like men’s, women’s, and children’s wear.
It has tied up with more than 500 garment manufacturers and 3,000 retailers.
In May, Singapore-based Jungle Ventures announced a $600 million fund for new and follow-up investments in its portfolio companies. Its portfolio of B2B startups includes Moglix, CityMall and NirogStreet.