Fashion brand Newme raises $5-M led by Fireside Ventures

Bengaluru-based fast fashion brand focussed on gen Z, Newme , has raised USD 5.4 million (INR 45 crore) in a seed funding round led by Fireside Ventures.The startup, founded in 2022, currently sells its own brand of clothing across both online and offline outlets. It had previously raised funding from Aum Ventures, 2am VC and All In Capital, which also participated in the current round.Newme opened its first two stores in Bengaluru and the third in Mumbai. It plans to expand to Chandigarh and Jaipur.