12,352.35-3.15
Stock Analysis, IPO, Mutual Funds, Bonds & More

Lightbox puts $8 million in Bombay Shirt Company

The apparel company will use the proceeds towards automating its production and supply chain, and expanding its physical presence, which will also include ramping up its touch points to 40-50 over the next 18 months.

ET Bureau|
Dec 13, 2019, 08.33 AM IST
0Comments
Getty Images
GettyImages-908296464GST
The company will also broaden its menswear category, by getting into horizontal products, such as trousers and denims.
NEW DELHI: Bombay Shirt Company has raised $8 million (Rs 56.6 crore) in a fresh round of equity financing from Mumbai-based venture capital firm Lightbox.

While the exact terms of the transaction were not disclosed, the transaction has a mix of primary and secondary components. Including the latest round of funding, the first institutional investment in the company, Bombay Shirt Company has raised an estimated $11 million in equity financing till date.

The apparel company will use the proceeds towards automating its production and supply chain, and expanding its physical presence, which will also include ramping up its touch points to 40-50 over the next 18 months.

Additionally, it will also broaden its menswear category, by getting into horizontal products, such as trousers and denims. “Our focus is on personalising the journey for every customer by producing garments unique to them, while ensuring zero inventory and wastage; implementing this through advanced automation,” Narvekar said.

Also Read

Online jeweller Melorra gets $12 million from Lightbox, others

Lightbox Ventures raises $178 million for largest fund yet, targets close at $200 mn by year end

Lightbox raises $54 million expansion fund, looks to double down on portfolio companies

Dating is finally becoming an open and accepted pre-matrimony platform in India: Lightbox's Sandeep Murthy

Comments
Add Your Comments
Commenting feature is disabled in your country/region.

Other useful Links


Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service