D2C denim brand Freakins raises Rs.25-Cr from Z47, Blume Ventures
Mumbai-based D2C brand Freakins has raised INR 25 crore (around USD 3 million) in its Series A round from existing investors Z47 (formerly Matrix Partners India) and Blume Ventures by issuing 34,936 Series A1 compulsory convertible preference shares (CCPS) at an issue price of INR 7,156.Founded by Puneet Sehgal and Shaan Shah, Freakins is a D2C fashion brand specializing in trendy denim apparel for men and women. It claims to have over 35 categories and all styles are designed and manufactured in-house, and products are sold through direct-to-consumer channels and marketplaces.
Between Apr 2023 and Sep 2024, Freakins had attracted about USD 4 M from Blume Ventures, Z47 and Trifecta Capital.
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