VC Fund Investments
Marketplace for unbranded garments Showroom B2B raises $6.5 M led by Jungle Ventures
Noida-based Showroom B2B, a business-to-business (B2B) platform for unbranded garments focused on Tier II and Tier III cities, has raised USD 6.5 million in a Pre-Series-A funding round led by Jungle Ventures. The round also saw participation from new investors including Accion Venture Lab, Saison Capital, and ICMG Partners, besides existing backers Strive, Gemba Capital and Titan Capital. Debt partners Alteria Capital and Stride Ventures also participated. Including the current round, the startup has raised USD 8 million. The firm, founded in 2020 by Abhishek Dua and Shubham Gupta, will use the fresh capital to scale the company's 'phygital' distribution model and open more experience stores across Tier II and Tier III markets. Showroom B2B will also enhance its private labelling capabilities and bring premium and affordable fashion to retailers.
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