{"id":13778,"date":"2022-05-25T09:38:00","date_gmt":"2022-05-25T09:38:00","guid":{"rendered":"https:\/\/ipventures.in\/?p=13778"},"modified":"2022-06-18T15:28:45","modified_gmt":"2022-06-18T15:28:45","slug":"almo-secures-2-million-in-pre-series-funding","status":"publish","type":"post","link":"https:\/\/ipventures.in\/index.php\/almo-secures-2-million-in-pre-series-funding\/","title":{"rendered":"Almo Secures $2 million in Pre-Series Funding"},"content":{"rendered":"<div class=\"wp-block-post-date has-text-color has-black-color\"><time datetime=\"2022-05-25T09:38:00+05:30\">May 25, 2022<\/time><\/div>\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"ticss-2b0f8d15 has-black-color has-text-color has-normal-font-size\">Almo, a Direct to Customer (DTC) men\u2019s essential wear company founded in 2020 by Muskaan Jain, Abhishek Shah, and Chhavi Bhardwaj, has raised $2 million in the pre-series A funding round led by Inflection Point Ventures (IPV). Other angels that participated in the round include LetsVenture and AngelList India.<\/p>\n\n\n\n<figure class=\"wp-block-pullquote is-style-default\"><blockquote><p><strong><b><span style=\"color:#ff781f\" class=\"has-inline-color\">Almo is an upcoming essential wear company that is set to achieve \u20b9100 crore in revenue by the end of 2022.<\/span><\/b><\/strong><\/p><\/blockquote><\/figure>\n\n\n\n<p class=\"has-black-color has-text-color has-normal-font-size\"><em><strong><span style=\"color:#0074b9\" class=\"has-inline-color\">Almo aims to use the funds to improve its branding and marketing strategies and set up a research and development lab. The company is also set to invest in expanding its 30+ member team through strategic hiring.<\/span><\/strong><\/em> Almo\u2019s vision is to be the one-stop essentials\u2019 destination for the evolved man, led by product innovation and customer obsession.\u00a0<\/p>\n\n\n\n<p class=\"has-black-color has-text-color has-normal-font-size\">Abhishek Shah, one of the founders, stated that \u201cwith 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.\u201d&nbsp; According to Shah, the company plans to enter international markets through Amazon\u2019s Global Selling Propel Accelerator program access.<\/p>\n\n\n\n<p class=\"has-black-color has-text-color has-normal-font-size\">Almo offers a wide range of essential wear products, including loungewear, winter wear, and innerwear. The clothing line aims to bring Italian designs to Indian essential wear, with their products combining fashion and comfort, providing customers with the best of both worlds.<\/p>\n\n\n<p>[vc_row css=&#8221;.vc_custom_1641624024164{padding-top: 20px !important;}&#8221;][vc_column][vc_cta h2=&#8221;Looking to Invest in Similar Kind of Startups?&#8221; h4=&#8221;Join our 4-Week Membership Trial&#8221; add_button=&#8221;bottom&#8221; btn_title=&#8221;Join Us&#8221; btn_color=&#8221;sky&#8221; btn_align=&#8221;center&#8221; btn_link=&#8221;url:https%3A%2F%2Fipventures.in%2Fcontact%2F%23investor-contact|target:_blank&#8221;][\/vc_cta][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]<\/p>\n\n\n\n<p class=\"has-black-color has-text-color has-normal-font-size\">IPV is also assisting in improving the brand&#8217;s sustainable and innovative men&#8217;s essential wear production line.&nbsp;<\/p>\n\n\n\n<p class=\"has-black-color has-text-color has-normal-font-size\">According to Mitesh Shah, co-founder of IPV, IPV would enable the company to build up its primary market and enter the worldwide market. IPV has invested a total of \u20b9300 crores in over 120 agreements, allowing businesses to secure critical finance in their early phases.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-background has-black-background-color has-black-color is-style-wide\"\/>\n\n\n\n<h3 class=\"has-text-align-center wp-block-heading\">IPV  Funding News Covered On<\/h3>\n\n\n\n<div class=\"wp-block-columns are-vertically-aligned-center is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-vertically-aligned-center is-layout-flow wp-block-column-is-layout-flow\">\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/entrackr.com\/2022\/05\/almo-raises-2-mn-in-pre-series-a-round-led-by-ipv\/\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"666\" height=\"100\" src=\"https:\/\/ipventures.in\/wp-content\/uploads\/2022\/05\/entrackr-1.png\" alt=\"\" class=\"wp-image-11911\" srcset=\"https:\/\/ipventures.in\/wp-content\/uploads\/2022\/05\/entrackr-1.png 666w, https:\/\/ipventures.in\/wp-content\/uploads\/2022\/05\/entrackr-1-300x45.png 300w\" sizes=\"auto, (max-width: 666px) 100vw, 666px\" \/><\/a><\/figure>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-vertically-aligned-center is-layout-flow wp-block-column-is-layout-flow\">\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/viestories.com\/almo-raises-2-mn-in-pre-series-inflection-point\/\"><img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"55\" src=\"https:\/\/ipventures.in\/wp-content\/uploads\/2022\/05\/ipv-funding-news.png\" alt=\"\" class=\"wp-image-12753\"\/><\/a><\/figure>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-vertically-aligned-center is-layout-flow wp-block-column-is-layout-flow\">\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-full\"><a 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[&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":13780,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[48],"tags":[],"class_list":["post-13778","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Almo Secures $2 million in Pre-Series Funding<\/title>\n<meta name=\"description\" content=\"Almo Digital Pvt Ltd. is a men\u2019s innerwear brand with an exclusive range of designs and fabrics secures $2 million in Pre-Series Funding\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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