Apparel maker Bombay Shirt Company has raised $8 million in an equity funding round from Lightbox. Venture capital firm’s commitments comprise of both primary and secondary components.
Founded in 2012 by Akshay Narvekar, Bombay Shirt Company will use this capital to expand its physical footprint to between 40 and 50 stores in the next two years and automate the brand’s entire production and supply chain. It currently has 16 stores across India, Dubai and New York operational. (Source)
Aarzoo is an author at Entrackr who tries to bring in an unbiased perspective while writing about the budding Indian startup ecosystem. Along the way, she also analyses the companies, their numbers, and compiles them. A graduate in Economics from Lady Shri Ram College for women, a will to explore the emerging businesses drives her the most. Connect with her at [email protected].
Entrackr is a new age media platform for entrepreneurs, startups and technology enthusiast Read More >
