Shapewear brand Underneat raises $6-M led by Fireside Ventures

Gurugram-based Underneat has raised USD 6 million in a pre-Series A funding round led by Fireside Ventures. Existing investor Ghazal Alagh (Honasa Consumer Ltd) remains invested in the brand.Founded in 2025 by Kusha Kapila and Vimarsh Razdan, Underneat sells function-focused intimate apparel designed specifically for Indian body types, climates, and lifestyles. The firm would use the fresh funding to scale operations and enhance distribution channels across cities in India.