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Sunday, November 24, 2024

Clothing brand UNIREC secures INR 1.5 Crore in seed funding led by BeyondSeed

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UNIREC, the clothing brand, has successfully raised INR 1.5 crore (approximately $1.9 lakh) in a seed funding round from BeyondSeed, as announced in a press release on Friday.

The funding will be utilized to broaden the brand’s market presence and to develop innovative and sustainable fabrics.

Kapil Bhatia, CEO and founder of the company said, “Our immediate goal, fuelled by this funding round, is to manufacture and sell 25,000 garments every month, ensuring that the environmental impact achieved in the past 18 months is replicated every month.”

UNIREC Innovates with Eco-Friendly Fabrics:

Additionally, he mentioned that the company has produced approximately 40,000 garments in the past 18 months by utilizing recycled PET bottles.

Established in 2021, the eco-friendly apparel brand is currently present on e-commerce platforms such as Amazon and Flipkart.

Continue Exploring: India’s apparel exports on the rise: CMAI forecasts 10-15% YoY growth in UAE market

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