Men’s apparel and accessory brand The Bear House has announced that it has raised US $ 5.83 million (Rs. 50 crore) in a Series A funding round headed by JM Financial India Growth Fund III. The fund will be used by the brand to increase its offline presence, strengthen its brand, and allocate more money to working capital.
Through this growth capital infusion and a relationship with a fund such as JM Financial India Growth Fund III, the brand will be able to fortify its presence and expedite plans for expansion. The Bear House has consistently been dedicated to providing clients with modern designs and high-quality products. The company is committed to upholding its design ethos and strengthening its relationship with consumers as it expands its offline presence and makes investments in brand development, according to Harsh Somaiya, co-founder of The Bear House.
The company recently opened its first physical location in Bengaluru, and it intends to open 20 locations around India in the next two years.
