Direct-to-consumer model Almo has closed its pre-Series A funding of two million {dollars} led by Inflection Point Ventures together with LetsVenture, AngelList India, and angels from the business. Almo intends to bolster its branding and advertising and marketing efforts together with establishing its analysis and improvement (R&D) lab to proceed innovating on sustainable product traces.
According to Abhishek Shah, co-founder and CEO, Almo’s imaginative and prescient is to be the one-stop necessities’ vacation spot for the advanced man, led by product innovation and buyer obsession. “We look forward to the partnership with IPV in this journey, and we are just getting started. We have always followed a lean approach to scale with positive unit metrics, with this funds infusion we plan to continue strengthening our team and brand to scale across various online marketplaces, though D2C continues to be our primary channel which has been an edge against the traditional incumbents. We also plan to explore international markets this year via Amazon’s Global Selling Propel Accelerator program access,” he added.
For Mitesh Shah, co-founder, Inflection Point Ventures, Almo with its clear imaginative and prescient to make premium sustainable males’s important put on is deep-rooted in client engagement through a digital first method, has an ideal potential to bridge the hole out there. “With the growing need and evolving market, IPV aims to extend its expertise to strengthen the brand’s sustainable and innovative Men’s product line. Additionally, IPV looks forward to scaling its primary market and helping them tap the global market in the near future,” Shah acknowledged.
Launched in June 2020 by Abhishek Shah, Muskaan Jain and Chhavi Bhardwaj, Almo is a D2C model within the males’s premium important put on area. The model provides a variety spanning underwear, topwear, loungewear and winter put on.
Follow us on Twitter, Instagram, LinkedIn, Facebook
Source: www.financialexpress.com”