Mumbai’s D2C lifestyle brand, Eské, has secured $1.5 million in a pre-Series A funding round, with Mistry Ventures taking the lead and additional backing from Fluid Ventures.
In a press release, Eské announced that the funds will be allocated towards broadening its product range, establishing experiential centers, improving its technology platform, and venturing into new markets.
Launched five years ago, Eské has been dedicated to offering premium handbags, briefcases, and accessories for the modern global consumer. These high-quality products are available at prices ranging from INR 3,000 to INR 10,000.
The brand maintains a robust online presence via its official website and multiple e-commerce platforms, complemented by physical retail outlets situated in specific cities throughout India.
At present, Eské primarily derives the majority of its sales from its website, with additional sales coming from various e-commerce marketplaces. The brand asserts its profitability for the current year and sets ambitious goals to double its growth in the upcoming year.
Prior to this funding round, the startup had secured INR 2.5 crore ($330,499) in seed funding, with Fluid Ventures taking the lead in April 2022.
