PE-VC Fund Investments
Apparel sourcing platform Showroom B2B raises $17-M led by Cactus Partners
Gurugram-based apparel sourcing and manufacturing platform Showroom B2B has raised USD 17 million in a Series A funding round. The round, which comprised a mix of equity and debt, was led by Cactus Partners and saw participation from Zephyr Peacock, Jungle Ventures, Accion Ventures, NBD Ventures, Lighthouse Canton and Alteria Capital.Founded in 2020 by Abhishek Dua and Shubham Gupta, Showroom B2B is a phygital apparel marketplace, focused on connecting Tier 2+ clothing retailers directly with small to mid-scale apparel manufacturers. It offers a design-to-delivery sourcing model for organised retailers, apparel brands, and domestic and global buying houses.The new funds will be used to expand the company’s manufacturing capabilities and supply chain operations, scale its manufacturing infrastructure and operational systems, and deepen partnerships with large enterprises and small-to-mid-sized retailers.
Between Jul 2022 and Jan 2025, Showroom B2B had attracted about USD 8 M from Accion International, Alteria Capital, Gemba Capital, Jungle Ventures, Relentless Ventures, Saison Capital, Strive VC, Good Capital, Panthera Peak Ventures, PointOne Capital, Caspian Advisors and others.For FY24, Showroom B2B had reported about INR 47 Cr in Operating Income and about INR 7 Cr in Net Loss.
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