The partnership will enable Blue Tokai to deepen its presence in metro cities and expand into new tier I and tier II cities in over the next three years.
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According to media reports, the substantial investment follows recent speculation regarding Rare Rabbit’s intent to secure Rs 500 Crore in funding
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The funding includes primary capital of around Rs 3 billion, aimed at fueling the company’s expansion in central and southern India
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According to market repots, the Indian sports apparel market was valued at USD 673.34 million in 2022. Moreover, it is expected to reach USD 1926.10 million by 2029, growing at a CAGR of 16.2 per cent
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As per media reports, the fundraise was advised by Advay Capital Advisors. A91 Partners, founded by former Sequoia Capital India partners, focuses on investments in technology, consumer, and financial services sectors
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