Textile provider Nona Lifestyle acquires $1.4 million in pre-series A fundraising round
- ByStartupStory | October 14, 2022
Nona Lifestyle, a global textile supplier, announced a $1.4 million pre-series A fundraising round from LC Nueva and other high-net-worth individuals (HNIs).
The company, which specializes in uniforms and safety apparel, stated that the cash received will be used to enhance its backend technology and marketplace platform.
Nona Lifestyle, founded in 2016 by Ankit Rajput and Hari Mishra, intends to expand into both foreign and domestic markets, including Delhi-NCR, Mumbai, Chennai, and Hyderabad. It’s currently available in Gurugram and Bengaluru.
Nona Lifestyle has delivered over 5 million products to over 100 customers and 250 manufacturers. According to the company, with its fully functional in-house team, managed marketplace, and vast network of over 100 customers, the brand has served more than 250 suppliers and delivered five lakh clothes per year.
“At Nona Lifestyle, we are developing technologies to create such solutions. This further helps us expand our presence and build a significant digital footprint to keep up with the competition. With the new funding, our main focus will be on integrating technological advancements In this way, the delivery time and product quality will improve, and we can scale our business by serving a huge customer base globally,” said Ankit Rajput, Co-Founder of Nona Lifestyle.
“Nona Lifestyle is focused on providing bespoke work and safety clothing, white label, and home furnishing services. We have followed the trajectory of the brand and it has grown rapidly since its inception. “She had the potential to disrupt the market. We are thrilled to be able to be part of their journey and help grow the brand,” said Sohil Chand, CIO and Managing Partner, LC Nueva Investment Partners.
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