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DaMensch raises Rs 50 crore capital

  

DaMensch, an India-based premium men’s apparel brand, has raised approximately Rs 50 crore from Matrix Partners India, Saama Capital, Whiteboard Venture Partners and Alteria Capital.

DaMensch was established by Anurag Saboo and Gaurav Pushkar, with the vision of redefining the standards of quality, aspiration, and comfort for the modern man. Their product line reflects the brand’s ideology of innovation which started with an exceptional range of innerwear that includes “Deo-Soft” - India’s first odour cancelling underwear, “Neo-Skin” - thermoregulating vests made from a curated composition of sustainable bamboo fibres, amongst other products catered to the comfort of the modern man.

In a step towards sustainability, DaMensch’s latest packaging is made from corn and is devoid of any form of plastic. The brand’s target audience comprises men in the age group of 20-45 years.

DaMensch sells through its own website along with other major e-commerce retailers such as Amazon, Flipkart, and Myntra, among others. Its strong social media connection ensures that a majority of the brand’s sales are routed directly through its own platform, allowing it to truly leverage the direct-to-consumer channel.

The brand not only grew 3x post lockdown but has also turned profitable. It clocked a cumulative sales of over ₹1 crore within 5 days during the festive sale period in October. DaMensch has also consistently achieved category-leading ratings and reviews for its products across all e-commerce platforms, which is a testament to the customer love and brand pull they have been able to generate in a short period of time.

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