D2C activewear brand BlissClub raises Rs 33 crore in round led by Elevation Capital

Here’s a summary of the funding details for BlissClub:

Company Overview

• Startup: BlissClub
• Founded: 2020
• Location: Bengaluru
• Sector: Direct-to-Consumer (D2C) activewear for women

Recent Funding

• Amount Raised: ₹33 crore
• Date of Funding: (Specific date not provided)
• Funding Series: (The specific series is not mentioned in the text)
• Shares Issued: 16,076 compulsory convertible preference shares at a premium of ₹20,427 each

Investors

1. Lead Investor: Elevation Capital
   • Stake Post-Funding: 24.5%
2. Participating Investor: Eight Roads Ventures
   • Stake Post-Funding: 15.79%

Previous Funding

• Last Fundraise Amount: $15 million
• Last Fundraise Date: 2022
• Previous Investors: Eight Roads Ventures, Elevation Capital

Use of Funds

• Meeting working capital requirements
• Capital expenditure
• General corporate purposes

Financials

• Revenue for FY Ending March 31, 2024: ₹92 crore

This summary captures the key details regarding BlissClub’s funding and related information. If you need further breakdown or additional information, feel free to ask!

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2025-05-06 14:45:00