LetsDressUp (LDU) has received $300,000 in a pre-Series A funding round from Titan Capital and other investors.
Sequoia Capital, Hauz Khas Ventures, Lykke Capital, investor Sweta Rau along with existing investors Kaushika Madhavan, Senior Partner at Mckinsey & Co – Abhishek Malhotra, COO of IIFL Wealth & Asset Management – Anshuman Maheshwary, Senior Partner at Kearney India – Saurabh Singh, VP of Blackwatch – Gautam Midha also participated in the latest funding round.
Aditya Balani, Co-founder, LDU, commented, “To have been backed by the top industry leaders who understand our business and have a keen interest in new-age technologies is altogether an excellent motivation for our business. We are looking forward to strengthening our team and building and redefining our tech product to satisfy our customers’ needs. The journey ahead looks much exciting as we are a step closer to our vision to create India’s own Stitch Fix.”
Bipin Shah, Partner, Titan Capital, continued, “LDU has set a mission for themselves to provide personalised clothing by leveraging technology to meet the needs of its customers. They aspire to give India its own version of Stitch Fix. We are extremely excited to have partnered with LDU and are looking forward to the journey ahead.”
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.