About Cravatex Brands
Cravatex Brands is a company based in Mumbai (India) founded in 1951 was acquired by Metro Brands in October 2022. Cravatex Brands has raised $11.88 million across 3 funding rounds from investors including Metro Brands, Paragon Partners and Proline Exports. The company has 145 employees as of April 09, 2024. Cravatex Brands offers products and services including Athleisure Clothing and Fitness Accessories.
- Headquarter Mumbai, India
- Employees 145 as on 09 Apr, 2024
- Stage Minicorn
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Sectors
Retail
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Metro Athleisure Limited
- Date of Incorporation 22 Dec, 2016
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$6.17 M (USD)-68.23as on Mar 31, 2023
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Net Profit
-$9.66 M (USD)-140.99as on Mar 31, 2023
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EBITDA
-$2.37 M (USD)-62.57as on Mar 31, 2023
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Total Equity Funding
$11.88 M (USD)
in 3 rounds
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Latest Funding Round
$6.89 M (USD), Unspecified
Mar 16, 2022
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Investors
Metro Brands
& 5 more
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Employee Count
145
as on Apr 09, 2024
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Acquired by
Metro Brands
(Oct 20, 2022)
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Products & Services of Cravatex Brands
Cravatex Brands offers a comprehensive portfolio of products and services, including Athleisure Clothing and Fitness Accessories.
Athleisure clothing is designed and sold for everyday wear, incorporating materials that promote durability and ease of movement
Fitness accessories are distributed for exercise routines, including items that support health and wellness activities
Funding Insights of Cravatex Brands
Cravatex Brands has successfully raised a total of $11.88M across 3 strategic funding rounds. The most recent funding activity was a Unspecified round of $6.89 million completed in March 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 Total Funding
- Total Rounds 3
- Last Round Unspecified — $6.9M
- First Round First Round
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2022 | Amount | Unspecified - Cravatex Brands | Valuation |
investors |
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| Mar, 2020 | Amount | Unspecified - Cravatex Brands | Valuation | Paragon Partners |
|
| Mar, 2017 | Amount | Unspecified - Cravatex Brands | Valuation |
investors |
Investors in Cravatex Brands
Cravatex Brands has secured backing from 6 investors, including angel and venture fund investors. Prominent investors backing the company include Metro Brands, Paragon Partners and Proline Exports.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
A leading Indian mid-market private equity firm is operated.
|
Founded Year | Domain | Location | |
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RK
Rajesh Kumar Batra |
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|
Founded Year | Domain | Location |
|
RB
Rohan Batra |
Angel investor and entrepreneur, focused on tech startups in India.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Cravatex Brands
Financial Statements - Cravatex Brands
Cravatex Brands Comparisons
Competitors of Cravatex Brands
Latest news on Cravatex Brands
Frequently Asked Questions about Cravatex Brands
Cravatex Brands was founded in 1951 and raised its 1st funding round 66 years after it was founded.
Cravatex Brands is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Sandeep Mukim is the current CEO of Cravatex Brands.
Cravatex Brands is a funded company, having raised a total of $11.88M across 3 funding rounds to date.
As of Apr 09, 2024, the latest employee count at Cravatex Brands is 145.
Annual revenue of Cravatex Brands is $6.17M as on Mar 31, 2023.
Cravatex Brands retailer of lifestyle, sports, and wellness products, focusing on producing consumer products, retail chains, engaging in retail operations, dealing with fashion products, and footwear. It serves clients with dedicated solutions, emphasizing quality, innovation, and sustainable growth in its core markets.
Cravatex Brands offers Athleisure Clothing and Fitness Accessories.
Cravatex Brands has 6 investors. Key investors include Metro Brands, Paragon Partners, Proline Exports, Rajesh Kumar Batra, and R B Fitness and Trading.
The valuation of Cravatex Brands is $53.7M as of Mar 2022.