New Delhi: Men’s apparel and accessories brand The Bear House has raised Rs 500 crore in a Series A funding round led by JM Financial India Growth Fund III, the company said on Tuesday in a media release.
The brand will be using these funds to expand its offline presence, branding, and further deploy it towards working capital.
“This growth capital infusion and partnership with a fund like JM Financial India Growth Fund III will help us accelerate our expansion plans and strengthen our brand’s presence. We have always been committed to delivering premium quality and contemporary designs to our customers. As we scale our offline footprint and invest in brand-building, we remain focused on staying true to our design philosophy and deepening our connection with customers. We aim to make The Bear House a go-to brand for men’s fashion across India,” said Harsh Somaiya, co-founder, The Bear House.
The brand recently opened its first physical store in Bengaluru, and over the next 2 years, it plans to open 20 stores across India.
