The Pant Project has raised Rs 109 crore ($11.25 million) in a Series B funding round led by Mirae Asset Venture Fund India, with participation from existing investor Sorin Investments and other investors. The funds will support the brand’s product expansion, retail network growth, technology investments, team expansion and brand-building initiatives, Dhruv Toshniwal, CEO and founder of The Pant Project, announced in a LinkedIn post.
The company plans to scale its retail footprint from more than 20 stores to over 150 across Tier 1 and Tier 2 cities in India, with outlets planned for malls and high streets. The round also saw participation from angel investors, including Anisha Saraf, co-founder of Dot & Key, along with MGA Ventures, B2V Ventures and B&K Securities.
