Men’s life-style brand XYXX secures Rs 90 Cr in Collection B

Men’s quality innerwear and life-style manufacturer XYXX has secured Rs 90 crore ($11.15 million) in its Collection B round of funding led by Singularity Opportunities Growth Fund. Present traders Sauce Enterprise Cash and DSG Consumer Associates also joined the fairness spherical even though Trifecta Funds has infused Rs 15 crore financial debt.

Pursuing the financial commitment round, Yash Kela, the founder of Singularity Possibilities will sign up for XYXX’s board of directors. The business will use proceeds to foray into more recent markets and groups in the coming months, it reported in a push assertion.

Founded by Yogesh Kabra, XYXX is a residence developed Indian brand name that specialises in underwear, loungewear and activewear for gentlemen. The enterprise focuses on tech s to produce extraordinary top quality, hyper functionality as very well as affordability.

XYXX claims to have a presence in around 14,000 multi-branded shops which span 100 cities. The enterprise also retails on marketplaces these types of as Amazon, Flipkart, Myntra, Ajio and other folks. According to XYXX, it observed expansion of 300% in FY22 and is targeting a 200% advancement in web gross sales by the stop of the ongoing fiscal 12 months (FY23). It designs a existence in 30,000 physical touch details by February 2023 which includes 10 distinctive brand outlets.