About Almo Wear
Almo Wear is a Retail company based in Gurugram (India) founded in 2019 by Subir Ghosh and Abhishek Shah. Performance casual wear for men is offered online by Almo. It operates on a Direct-to-Consumer (D2C) model. Almo Wear has raised $3.16 million across 5 funding rounds from investors including Wellfound, LetsVenture and Beacon Trusteeship. The company has 2 employees. Almo Wear was last valued at $6.55 million in June 2022. Its Indian entity Almo Digital Private Limited reported revenue of ₹6.78 Cr. Almo Wear offers products and services including Micromodal Innerwear, Better Cotton T-Shirt, and Heatlock Thermal Set. Its focus areas include Apparel, Men's Clothing and Underwear and Loungewear. Its competitors include Bummer, Freecultr and Tailor And Circus; 3 of its 3 listed competitors have raised funding.
Company details
Mens essential clothing is designed and sold by Almo Wear, focusing on underwear, topwear, loungewear, and accessories. Sustainable materials like Better Cotton and innovative fabrics such as Micromodal and Heatlock are utilized to ensure comfort and environmental responsibility. The company caters to daily wear needs with a focus on sophistication and individuality, operating primarily in the apparel sector.
- Headquarters Gurugram, India
- Employees 2
- Founders Subir Ghosh, Abhishek Shah
- Stage Minicorn
- SectorsRetail
- Email••••••••
- Phone•••• ••••
- Website almowear.com
- Social LinkedIn X Facebook Instagram YouTube
- Legal Name Almo Digital Private Limited
- Date of Incorporation 16 Mar, 2018
- Jurisdiction Gurugram, Haryana, India
- Annual Revenue₹6.78 Cr
FY 2024 · -1% YoY
- Net Loss-₹7.13 Cr
FY 2024 · -105% margin
- EBITDA-₹5.96 Cr
FY 2024 · -88% margin
- Total Equity Funding$3.16M (USD)
in 5 rounds
- Latest Funding Round$762.24K (USD), Seed
Jun 2022
- InvestorsWellfound
& 79 more
- Employee Count2
Associated legal entities of Almo Wear
Almo Wear operates through Almo Digital Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Almo Digital Private Limited CIN U17100HR2018PTC073091 | Active | 16 Mar 2018 | Gurugram, Haryana | ₹6.8 Cr | 2 | 5 | View details |
Products & Services of Almo Wear
Almo Wear offers a comprehensive portfolio of products and services, including Micromodal Innerwear, Better Cotton T-Shirt, and Heatlock Thermal Set.
Comfortable innerwear made from soft, breathable micromodal fabric.
Sustainable cotton t-shirts designed for everyday casual wear.
Lightweight thermal wear crafted for warmth in cold seasons.
Funding Insights of Almo Wear
Almo Wear has successfully raised a total of $3.16M across 5 strategic funding rounds. The most recent funding activity was a Seed round of $762.24 thousand completed in June 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $3.16M
- Total Rounds 5
- Last Round Seed — $762,238
- First Round $242,796
(Nov 2020)
- Investors Count 80
All 5 funding rounds of Almo Wear with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2022 | $762,238 | Seed | $6.55M | – | – |
| Mar 2022 | $16,468 | Seed | $3.1M | – | – |
| Jan 2022 | $2M | Seed | $••••• | Inflection Point Ventures, AngelList | |
| May 2021 | $136,451 | Angel Round | $••••• | – | |
| Nov 2020 | $242,796 | Seed | $••••• | AngelList |
| Date | Valuation | Stage |
|---|---|---|
| Jun 2022 | $6.55M | •••••••• |
| Mar 2022 | $3.1M | •••••••• |
| Jan 2022 | $••••• | •••••••• |
| May 2021 | $••••• | •••••••• |
| Nov 2020 | $••••• | •••••••• |
Full valuation and stage history of Almo Wear
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
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Last known valuation $6.55M (Jun 2022). 80 investors in total: 11 institutional and 69 angel.
Investors in Almo Wear
Almo Wear has secured backing from 80 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Wellfound, LetsVenture and Beacon Trusteeship.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investments are made in early-stage tech startups across sectors. | ipventures.in | Gurugram, India | ||
Micro venture capital fund focused on tech startups | 2020 | upsparks.vc | Bengaluru, India | |
Multiple sectors are invested in by the venture capital fund. | Delhi, India | |||
Business solutions for retailers are provided by Vista Business Ventures. | Mumbai, India | |||
Online platform that connects startup founders with accredited investors, enabling early-stage fundraising and investment opportunities for private market growth | 2013 | letsventure.com | Bengaluru, India | |
Startup jobs are connected to individuals via a dedicated platform. | 2013 | wellfound.com | New York, United States | |
VSP Ventures is focused on acquiring and supporting optometry practices. | vspventures.com | Rancho Cordova, United States | ||
Trusteeship services are provided in the financial sector since 2015. | 2015 | beacontrustee.co.in | Mumbai, India | |
Startup jobs are connected to seekers via an online platform. | angel.co | San Francisco, United States |
Investor details for Almo Wear
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Board of directors of Almo Digital Private Limited (Almo Wear)
Almo Digital Private Limited is the primary company behind Almo Wear. The board of Almo Digital Private Limited currently have 5 directors; the longest-serving is Abhishek Shah, appointed in 2020. 10 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Abhishek Shah DIN 03023035 | Director | 01 Dec 2020 | 5 yrs 11 mo | Almo Digital Private Limited |
| Chitra Shah DIN 06591664 | Additional Director | 03 Mar 2021 | 5 yrs 8 mo | Almo Digital Private Limited |
| Chhavi Bhardwaj DIN 09478043 | Director | 24 Jan 2022 | 4 yrs 9 mo | Almo Digital Private Limited |
| Vinay Kumar Shah DIN 09674128 | Director | 15 Jul 2022 | 4 yrs 3 mo | Almo Digital Private Limited |
| Mrityunjay Tiwari DIN 10507570 | Director | 14 Feb 2024 | 2 yrs 8 mo | Almo Digital Private Limited |
People of Almo Wear
3 people are tracked at Almo Wear (2 in leadership, 1 in team); the tracked headcount is 2.
| Name | Role | Group |
|---|---|---|
Subir Ghosh | Co-Founder | Leadership |
| Co-Founder | Leadership | |
Vincenzo Rusciano | Business Development Manager & Fashion Designer | Team |
Complete people profiles for Almo Wear
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Financials of Almo Wear
Figures of Almo Digital Private Limited, the primary company behind Almo Wear, for FY 2024. Revenue was ₹6.78 Cr (-1% year on year). Net loss was -₹7.13 Cr (-105% margin). EBITDA was -₹5.96 Cr (-88% margin). Revenue has grown at a compounded annual rate of +104% over three years and +16% over five years.
- ₹6.78 CrRevenue · FY 2024 · -1% YoY
- -₹7.13 CrNet loss · -105% margin
- -₹5.96 CrEBITDA · -88% margin
- ₹6.1 LakhPaid-up capital
- 2Employees (provident fund records)
- +104%Revenue CAGR, 3 years
- +16%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Almo Digital Private Limited are on its company page.
Detailed financial statements for Almo Wear
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Almo Wear
4 dated milestones of Almo Wear across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Almo Wear is founded.
- Funding First funding round of $243K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $762K.
Competitors of Almo Wear
Almo Wear has 3 listed competitors in our database, 3 of them funded. They include Bummer, Freecultr and Tailor And Circus.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| bummer.in | 2020 | Ahmedabad, India | $1.97M | 16 | Online platform offering multi-category innerwears and swim suite for both mena nd women | |
| freecultr.com | 2011 | Delhi, India | $18.44M | 15 | Internet first brand offering eco-friendly innerwear for men and women | |
| andcircus.com | 2020 | Tiruppur, India | $240,761 | 8,678 | Internet first brand of under & maternity wear for men and women |
Detailed competitors of Almo Wear
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Web traffic of Almo Wear
Websites that share an audience with Almo Wear (almowear.com).
Websites whose visitors overlap most with Almo Wear. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| damensch.com | 100% | 1.1M | #53,976 | View details |
Top companies in Fashion & Lifestyle E-Commerce
3 companies that operate in the same segment as Almo Wear (Fashion & Lifestyle E-Commerce) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Eyewear is offered online for men, women, and kids. | 2010 | Gurugram, Haryana, India | USD 1.04 B | USD 939.4 M | 18,984 | |
Fashion and lifestyle products are offered via an online marketplace. | 2007 | Bengaluru, Karnataka, India | USD 123.71 M | USD 639.15 M | 1,031 | |
Gold and silver jewellery, lab-grown diamonds, and accessories are retailed. | 2019 | Bengaluru, Karnataka, India | USD 144.58 M | USD 32.66 M | 711 |
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Related news about Almo Wear
Complete news archive for Almo Wear
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Frequently Asked Questions about Almo Wear
Almo Wear was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Almo Wear is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Almo Wear is a funded company, having raised a total of $3.16M across 5 funding rounds to date. The company's 1st funding round was a Seed of $242.8K, raised on Nov 2020.
Almo Wear has 2 employees.
The primary company behind Almo Wear, Almo Digital Private Limited, reported revenue of ₹6.78 Cr for FY 2024, down 1% year on year.
Mens essential clothing is designed and sold by Almo Wear, focusing on underwear, topwear, loungewear, and accessories. Sustainable materials like Better Cotton and innovative fabrics such as Micromodal and Heatlock are utilized to ensure comfort and environmental responsibility. The company caters to daily wear needs with a focus on sophistication and individuality, operating primarily in the apparel sector.
Almo Wear's top competitors include Bummer, Freecultr and Tailor And Circus.
Almo Wear offers Micromodal Innerwear, Better Cotton T-Shirt, and Heatlock Thermal Set.
Almo Wear has 80 investors. Key investors include Wellfound, LetsVenture, Beacon Trusteeship, Upsparks Capital, and G2G Technologies.
The valuation of Almo Wear is $6.55M as of Jun 2022.
Almo Wear operates through Almo Digital Private Limited.
The legal entities of Almo Wear currently have 5 directors, including Chitra Shah, Vinay Kumar Shah, Abhishek Shah and others.