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Males’s life-style model XYXX secures Rs 90 Cr in Sequence B 

Males’s premium innerwear and life-style model XYXX has secured Rs 90 crore ($11.15 million) in its Sequence B spherical of funding led by Singularity Alternatives Progress Fund. Present buyers Sauce Enterprise Capital and DSG Client Companions additionally joined the fairness spherical whereas Trifecta Capital has infused Rs 15 crore debt.

Following the funding spherical, Yash Kela, the founding father of Singularity Alternatives will be a part of XYXX’s board of administrators. The corporate will use proceeds to foray into newer markets and classes within the coming months, it stated in a press assertion.

Based by Yogesh Kabra, XYXX is a house grown Indian model that specialises in underwear, loungewear and activewear for males. The corporate focuses on tech s to ship distinctive high quality, hyper performance in addition to affordability.

XYXX claims to have a presence in over 14,000 multi-branded shops which span 100 cities. The corporate additionally retails on marketplaces similar to Amazon, Flipkart, Myntra, Ajio and others. In line with XYXX, it noticed development of 300% in FY22 and is focusing on a 200% development in internet gross sales by the top of the continuing fiscal yr (FY23). It plans a presence in 30,000 bodily contact factors by February 2023 which incorporates 10 unique model shops.

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