7 months ago
Cava Athleisure Raises INR 40 Cr in Series A Funding
Cava Athleisure is a company that makes comfortable clothes for women to wear during workouts and casual outings.
They just got INR 40 Cr from investors to help them grow.
The money will be used to make new clothes, hire important people, and advertise their products.
The company was started by two sisters in 2022 and is doing well, making INR 5.5 Cr every month.
They want to make INR 40 Cr by the end of the financial year 2026.
Many people are buying athleisure wear now because it's comfortable and versatile, and investors are interested in this growing market.
Cava Athleisure raised INR 40 Cr in Series A funding led by Sharrp Ventures.
The startup plans to use the funds for product development, hiring, marketing, and omnichannel expansion.
Founded in 2022 by Ria and Shreya Mittal, the brand focuses on women's athleisure wear.
Cava Athleisure aims to achieve a top line of INR 40 Cr by FY26.
The athleisure market in India is projected to grow to $27 Bn by 2033.
- Who
- Cava Athleisure, a women-focused athleisure brand
- What
- Raised INR 40 Cr in Series A funding
- Where
- Bengaluru, India
- When
- Not specified
- Why
- To develop new products, hire leadership, expand marketing, and omnichannel distribution
Key facts
- Funding Amount
- INR 40 Cr ($4.4 Mn)
- Post-Money Valuation
- INR 215 Cr ($23.3 Mn)
- Lead Investor
- Sharrp Ventures
- Other Investors
- V3 Ventures, Spring Marketing Capital
- Founded
- 2022
- Founders
- Ria Mittal, Shreya Mittal
- Monthly Revenue Run Rate
- INR 5.5 Cr
- Target Revenue for FY26
- INR 40 Cr
Quotes
Ria Mittal and Shreya Mittal
Co-founders of Cava Athleisure
“The response from our customers has reinforced our belief in this category. Partnering with Sharrp Ventures gives us a long-term partner with deep consumer expertise as we scale responsibly.”
inc42.com
Sources
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