Home breadcru News breadcru Results/Reports breadcru XYXX expects monthly revenues to increase to ₹3 crore

XYXX expects monthly revenues to increase to ₹3 crore

17 Oct '19
1 min read
Pic: XYXX
Pic: XYXX

XYXX Apparels Pvt Ltd, a premium category of comfortable inner-wear brand launched in December 2016, is expecting to increase its monthly revenues from ₹2 crore to ₹3 crore in the coming six months. XYXX is aimed at 18-40-year-old male audience, and places the cool, comfortable, and energetic youth of today at the centre of its product development.

Founded by Yogesh Kabra, XYXX recorded sales of ₹12 crore in its first year of operation. XYXX now claims to be India's fastest home-growing brand.

The digital-first brand, XYXX started offline sales only six months ago. In March this year, the young brand received its first round of seed funding of ₹2 crore from Sauce.vc, a venture capital fund focused on investing exclusively in early-stage consumer businesses. Subsequently, in early September 2019 XYXX Apparels raised a pre-series A funding from Sauce.vc again of ₹6 crore.

ALCHEMPro News Desk (RKS)

Get Free Weekly Market Insights Newsletter

Receive daily prices and market insights straight to your inbox. Subscribe to AlchemPro Weekly!