Private Equity

VC Fund Investments

Fashion-tech startup Virgio raises $20-M more in Series A round

Business Line  

Bengaluru-based fashion tech startup Virgio has topped up its Series A funding round, taking the total fund raise to USD 37 million. The funding round was co-led by Prosus Ventures, Accel India and Alpha Wave Global. The fast fashion brand was founded by the former CEO of Myntra Amar Nagaram earlier this year. The app claims to have over one lakh downloads and 20,000 daily active users. The new funds will be used for recruiting talent and technology expansion.

From the Venture Intelligence PE-VC Deal Database: Between Nov-22 and Dec-22, Virgo had raised USD 17.4 million as part of the Series A round from Prosus Ventures, Alpha Wave Global and others