Theater raises $6M Series A at Rs 402 Cr valuation
Digital-first fashion brand Theater has raised Rs 56.25 crore (around $6 million) in Series A funding. The round was led by Niveshaay, with participation from FirstPort Capital, Skagen Ventures, Saket Agarwal, Vishal Julka, and IPV International.
The company’s valuation stood at around Rs 402 crore ($43 million) post-money, according to Entrackr’s estimates, a 4.5X increase from its previous valuation of Rs 90 crore. In September 2024, Theater had raised $1.5 million in a pre-Series A round led by Prath Ventures.
The fresh capital will be used to expand the business, meet working capital needs, strengthen the balance sheet, and support future growth.
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What Theater does
Founded by Sarthak Aggarwa, Karan Jain, Vikram Jain, and Shruti Agarwal, Theater is a five-year-old digital-first fashion and lifestyle brand offering shoes, bags, stockings, socks, perfumes, and other accessories for men and women.
Theater reported 2.37X revenue growth to Rs 33.35 crore in FY25. The company is yet to file its FY26 results.
Niveshaay’s investments
With its investment in Theater, Niveshaay is expanding its focus on the D2C space. The firm has recently backed travel and lifestyle brand Mokobara and innerwear brand XYXX, while its earlier investments include beauty brands Naturis Cosmetics and Innovist.
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