VC Fund Investments
D2C apparel and footwear brand RapidBox raises $4.5 M led by SIG Venture Capital
Bengaluru-headquartered direct-to-consumer (D2C) brand Rapidbox has raised USD 4.5 million in a Series A round of funding led by SIG Venture Capital, the Asian venture capital arm of Susquehanna International Group. Other investors in the round include Tanglin Venture Partners, India Quotient, and Ananya Goenka. The brand will use the funds to expand product range, enhance customer experience, and build brand further. Founded in 2019 by Arun Paliwal and Manoj Baranwal, RapidBox retails footwear, sports and casual fashion wear categories. The brand controls the manufacture of goods with an in-house line, which allows it to run quality checks.
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