Techno is a Bengaluru-based startup that has secured $25 million in a round led by the investment fund A91 partners. The startup closed its first funding round with Rs 208 crore. The startup has branches in the United Arab Emirates and South Africa. This startup wants to get globally and locally recognized for its sustainability and affordable clothing material. Here, we are talking about Techno Sportswear secured $25 million from the investment fund A91 partner: Reports.
Here, we are talking about Techno Sportswear secured $25 million from the investment fund A91 partner: Reports:
Sunil JhunJhunWala founded this startup and provides an online platform that offers top-class sportswear for men and women. The company claims to provide the best quality activewear at affordable prices while caring about the environment. The startup leveraged technology, style, and fitness to create affordable, sustainable, comfortable sportswear. The startup was formed in the textile hub of Tirupur in Tamil Nadu, and 13 years later, it expanded to the region of South Africa and UAE. The brand makes products to meet fashion trends, technological advances, and market conditions.
Economic Times reported that A91 Partners, founded by Peak XV partners VT Bharadwaj, Gautam Mago, and Abhay Pandey, are focusing on investing in technology-based, customer-based, and financial service-based startups. This investment of $25 million in Techno sportswear can be seen as one of the steps toward this strategic plan. The startup claims to have made over 12 million activewear since its inception. The company started with 5 employees and now has more than 500 workers working under them.
Techno Sportswear, a Bengaluru-based activewear startup, has raised $25 million in its seed funding round. The funding round saw participation from Sequoia Capital’s A91 partners. Other investors include entrepreneurs in the consumer tech industry. These fresh proceeds will scale up operations, fulfill working capital requirements, and support the general corporate process while aiming for market expansion. The startup aims to enhance its platform to offer a seamless experience to its customers. The startup claims to use branding to improve its customers’ and clients’ quality of life.
Conclusion
A Bengaluru-based sportswear startup, Techno Sportswear, has secured $25 million in a funding round led by A91 partners. This startup provides an online platform that offers top-class sportswear for men and women. The startup was formed in the textile hub of Tirupur in Tamil Nadu, and 13 years later, it expanded to the region of South Africa and UAE. The brand makes products to meet fashion trends, technological advances, and market conditions.
The company claims to provide the best quality activewear at affordable prices while caring about the environment. The startup leverages technology, style, and fitness to create affordable, sustainable, and comfortable sportswear. The startup closed its first funding round with Rs 208 crore. The startup has branches in the United Arab Emirates and South Africa. A91 Partners, founded by Peak XV partners VT Bharadwaj, Gautam Mago, and Abhay Pandey, focus on investing in technology- and customer-based financial services startups. The company aims to get global and local recognition for its sustainability and affordable clothing material.
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