Assembly Secures $2.1 Million Funding Round Led by Prath Ventures
- ByStartupStory | April 2, 2024
Assembly, a new-age travel brand, has successfully secured $2.1 million in funding. Spearheaded by Prath Ventures, this investment marks the third from its inaugural fund. Notable investors in this round include Anicut Capital, Blume Founders Fund, and several prominent angels.
The funding infusion is set to drive Assembly’s ambitious agenda, focusing primarily on product expansion, marketing and branding initiatives, as well as strengthening its product and operations teams. Saptarishi Sen, Vice President of Prath Ventures, emphasized the burgeoning opportunities in the travel goods sector amidst the global surge in domestic and international travel.
“The surge in domestic and international travel has expanded the opportunity in the luggage and travel goods space. Customers now seek products that seamlessly integrate with their lifestyle, prompting the rise of new-age travel brands,” said Saptarishi Sen, Vice President, Prath Ventures. “We believe Assembly, with its robust supply chain capabilities and design aesthetics, is primed to capture this evolving trend. We are excited to partner with them in shaping a new-age challenger brand in the luggage space,” he added.
Founded in 2019 by Aditya Khanna and Mohit Garg, Assembly specializes in offering mass-premium travel gear, ranging from luggage to backpacks and travel accessories.
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