Clothing brand Kosha raises funds, plans retail expansion
today Oct 10, 2019
Indian winterwear brand Kosha has raised an undisclosed amount in its latest funding round from a group of investors including Tres Monos Capital and Narendra Hiranandani, Founder of Enhira Software.
With the investment, Kosha is looking to make deeper inroads in the country’s winterwear market and will be using the funds to expand its retail presence, product portfolio and innovations.
Founded by Yuktie Jhangiani, Kosha claims to have sold over 10,000 thermals and 600 jackets in the last two years.
Commenting on the investment, Sweta Jagirdar general partner of Tres Monos Capital in a statement said: “We are excited about partnering with Yuktie and her team as they continue to innovate on new product lines, grow online sales, and expand their retail presence outside of Mumbai.”
Investor Narendra Hiranandani said: “Kosha is creating its unique niche positioning and brand in an otherwise competitive winter apparel market. I envision the Kosha Brand establishing itself as a market leader in its segment."
Commenting on the funding, founder and CEO Yuktie Jhangiani said: “Kosha will be a brand that not only designs cutting-edge gear for leisure and adventure travel but is also a platform that brings travellers together. We’ve customised our offering at one-tenth the price, without compromising quality and keeping all the manufacturing operations in India."
Founded in 2017, Kosha offers eco-friendly travel-wear at reasonable prices such as thermals, puffer jackets and hard-shells that can be worn in conditions, where the temperature drops down to -30 degrees celsius.