The Bear House Bags ₹3 Cr from Namita Thapar on Shark Tank India
In a major deal, The Bear House, a popular brand known for its smart casual wear, has secured an investment of ₹3 crore from Namita Thapar, one of the sharks on Shark Tank India. The deal, which is expected to give a significant boost to the brand’s growth, includes ₹1 crore as equity investment in exchange for 1% stake and ₹2 crore as debt.
The Bear House, which has gained a reputation for its stylish and comfortable clothing, has been making waves in the fashion industry with its unique designs and affordable prices. The brand’s success has been remarkable, with its revenue expected to touch ₹140 crore this year, a significant increase of over 40% year-on-year.
The investment from Namita Thapar is expected to help The Bear House further accelerate its growth plans, which include expanding its offline presence through a chain of stores and partnering with quick-commerce companies to increase its online reach.
Speaking about the investment, Namita Thapar, said, “I am excited to be a part of The Bear House’s growth journey. The brand has a unique value proposition and has been able to disrupt the traditional fashion industry with its smart casual wear. I believe that with the right investment and guidance, The Bear House has the potential to become a leading player in the fashion industry.”
The Bear House’s founders, who were present on the show, expressed their gratitude to Namita Thapar for believing in their vision and investing in their brand. They also shared their plans for the future, which include expanding their offline presence through a chain of stores and partnering with quick-commerce companies to increase their online reach.
“We are thrilled to have secured an investment from Namita Thapar on Shark Tank India,” said one of the founders. “Her guidance and mentorship will be invaluable in helping us achieve our growth plans. We are excited to take our brand to the next level and make it a household name in the fashion industry.”
The deal is expected to give The Bear House a significant boost in terms of funding and guidance, which will help it to further expand its operations and increase its revenue. With the investment, the brand is expected to strengthen its position in the market and increase its competitiveness in the fashion industry.
The Bear House’s success on Shark Tank India is a testament to the brand’s innovative approach to fashion and its ability to disrupt the traditional industry. The brand’s focus on smart casual wear has resonated with customers, who are looking for stylish and comfortable clothing that is affordable and accessible.
The deal is also a significant milestone for Shark Tank India, which has been instrumental in promoting entrepreneurship and innovation in India. The show has provided a platform for startups to showcase their ideas and secure funding from investors, which has helped to promote the growth of the startup ecosystem in India.
In conclusion, The Bear House’s deal with Namita Thapar on Shark Tank India is a significant development in the world of fashion and entrepreneurship. The investment is expected to give the brand a significant boost in terms of funding and guidance, which will help it to further expand its operations and increase its revenue. As The Bear House continues to grow and expand, it is likely to become a leading player in the fashion industry and a household name in India.
Source: https://startuptalky.com/news/the-bear-house-secures-investment-shark-tank-india/
