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D2C Brand Acefour Accessories Raises $7 Mn To Disrupt India’s Luggage Market
| July 18, 2022
The startup plans to use the fresh funds for its working capital, brand and product building Acefour, through its soon-to-be-launched brand Uppercase, is targeting to establish itself as a fresh, contemporary, sustainable brand Acefour, founded in 2021 by Sudip Ghose, Uday Sodhi and Arnob Mondal, raised $1.5 Mn in its seed funding round led by Enam Holdings in March this year Travel accessories startup Acefour Accessories has raised $7 Mn in its pre-Series A funding round led by Sixth Sense Ventures’s current fund, Sixth Sense India Opportunities III. The round also saw participation from Acefour’s existing investor Volrado Venture Partners. The fundraise comes just before the launch of Acefour’s product range. The startup plans to use the fresh funds for its working capital, brand and product building. The D2C startup, through its brand Uppercase, is targeting to establish itself as a fresh, contemporary, sustainable brand that would witness a sync of both fashion and function, Acefour said in a statement. Acefour, founded in 2021 by Sudip Ghose, Uday Sodhi and Arnob Mondal, aims to disrupt India’s $3.5 Bn luggage market with the new-age brand, which, the startup says, is highly fragmented. Ghose has about 20 years of leadership experience in the travel gear industry. He was former CEO & MD of VIP Industries and former executive director of Samsonite India.