Early-stage Venture capital fund Sauce.vc funded more Rs 6 Cr in Innerwear maker startup XYXX Apparels.
- Surat-based Innerwear maker XYXX Apparels raised Rs 6 Cr in pre-Series A funding round from Sauce.vc.
- Previously company raised fund from Sauce.vc in Seed round of funding on Mar 7, 2019.
- Presently the company has 800 units in multi-brand outlets and planning to add more 200 outlets every month.
Early-stage venture capital fund Sauce.vc is planning to invest in startups has growth potential in the food and beverage, apparel and lifestyle and personal care sector. Investment in XYXX Apparels is part of its strategy.
XYXX Apparels is founded by IIM Ahmedabad alumnus Yogesh Kabra in 2017. XYXX is a brand that manufactures comfortable and exiting innerwear for men.
Startup XYXX Apparels claims that it manufactures products from MicroModal, 3 times smoother and 2 times more absorbent than cotton products.
Startup manufacturing wide range of inner wears like trunks, briefs, boxers, jockstraps, vests, pajamas and t-shirts for men’s.
Company’s products are available on all multiband platforms and have a broader network of outlets in central India. Presently the company has 800 units in multi-brand outlets and planning to add more 200 outlets every month.
The startup will utilize funds to improve its presence in Pan India and product innovation. XYXX Apparels presently has manufacturing units at Surat and headquarters office at Mumbai.