VC Fund Investments
Men's innerwear brand XYXX raises Rs.30-Cr Series A from DSG, Synergy, Sauce.VC
Surat-based omnichannel men's innerwear brand XYXX Innerwear has raised INR 30 crore in a Series A funding round led by DSG Consumer Partners and Synergy Capital Partners. Existing investor Sauce.VC also participated in the round. XYXX will use the capital to expand its product line and reach. Founded in 2016 by Yogesh Kabra, XYXX offers a range of men's innerwear, including odour cancellation and moisture wicking to quick drying and plant-based body temperature control fabric. It retails across more than 6,000 offline outlets and on all major e-commerce marketplaces.
From the Venture Intelligence PE-VC Deal Database: Between Mar-19 and Sep-19, XYXX Innerwear had raised over $1-M from Sauce VC and others. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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