About ICON
ICON is a Retail company based in Ahmedabad (India) founded in 2023 by Aakash Mehta and Fazal Abbas Lakhani. ICON is engaged in offering premium luggage and travel accessories. It operates on a Direct-to-Consumer (D2C) model. ICON has raised $1.2 million across 1 funding round from investors including DSG Consumer Partners. The company has 1 employees. Its Indian entity Myfitness Sports Private Limited reported revenue of ₹5.44 Cr. ICON offers products and services including Suitcases, Backpacks, Handbags, and Gift Cards. Its focus areas include Consumer Goods, Luggage and Travel Accessories and Travel Bags. Its competitors include Mokobara, uppercase and Assembly; 3 of its 3 listed competitors have raised funding.
Company details
ICON is involved in the design and sale of premium luggage, suitcases, backpacks, and travel accessories. The company operates in the consumer goods sector, focusing on travel solutions for both business and leisure travelers. Products are crafted with durability, style, and functionality in mind, using high-quality materials like German Covestro polycarbonate and vegan leather. Solutions cater to modern travelers with features such as TSA-approved locks, 360-degree rotating wheels, and USB slots for convenience. ICON also provides customizable gift cards for various occasions, enhancing its offerings in the gifting segment.
- Headquarters Ahmedabad, India
- Employees 1
- Founders Aakash Mehta, Fazal Abbas Lakhani
- SectorsRetail
- Email••••••••
- Phone•••• ••••
- Website icon.in
- Social LinkedIn Instagram
- Legal Name Myfitness Sports Private Limited
- Date of Incorporation 09 Dec, 2020
- Jurisdiction Umbergaon, Gujarat, India
- Annual Revenue₹5.44 Cr
FY 2025 · +1227% YoY
- Net Loss-₹2.03 Cr
FY 2025
- EBITDA-₹2.37 Cr
FY 2025 · -44% margin
- Total Equity Funding$1.2M (USD)
in 1 rounds
- Latest Funding Round$1.2M (USD), Seed
May 2024
- Investors
- Employee Count1
Associated legal entities of ICON
ICON operates through Myfitness Sports Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Myfitness Sports Private Limited CIN U15121DN2020PTC005641 | Active | 09 Dec 2020 | Umbergaon, Gujarat | ₹5.4 Cr | 2 | View details |
Products & Services of ICON
ICON offers a comprehensive portfolio of products and services, including Suitcases, Backpacks, Handbags, and Gift Cards.
Durable suitcases are offered for travel convenience and style.
Functional backpacks are provided for work and leisure trips.
Stylish handbags are designed for everyday use and elegance.
Customizable gift cards are available for various occasions.
Funding Insights of ICON
ICON has successfully raised a total of $1.2M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.2 million completed in May 2024. 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 $1.2M
- Total Rounds 1
- Last Round Seed — $1.2M
- First Round $1.2M
(May 2024)
- Investors Count 1
All 1 funding rounds of ICON 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 |
|---|---|---|---|---|---|
| May 2024 | $1.2M | Seed | – | DSG Consumer Partners | – |
1 investors in total: 1 institutional.
Investors in ICON
ICON has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include DSG Consumer Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investing in and supporting insurgent consumer brands in India and Southeast Asia. | dsgcp.com |
Investor details for ICON
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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Verified entity values are shown only after access is granted.
Board of directors of Myfitness Sports Private Limited (ICON)
Myfitness Sports Private Limited is the primary company behind ICON. The board of Myfitness Sports Private Limited currently have 2 directors; the longest-serving is Mohammadabbas Naushadali Patel, appointed in 2020. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Mohammadabbas Naushadali Patel DIN 07588114 | Director | 09 Dec 2020 | 5 yrs 10 mo | Myfitness Sports Private Limited |
| Aakash Mehta DIN 09829643 | Director | 01 Mar 2023 | 3 yrs 7 mo | Myfitness Sports Private Limited |
People of ICON
2 people are tracked at ICON (2 in leadership); the tracked headcount is 1.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
Fazal Abbas Lakhani | Co-Founder | Leadership |
Complete people profiles for ICON
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Financials of ICON
Figures of Myfitness Sports Private Limited, the primary company behind ICON, for FY 2025. Revenue was ₹5.44 Cr (+1227% year on year). Net loss was -₹2.03 Cr. EBITDA was -₹2.37 Cr (-44% margin).
- ₹5.44 CrRevenue · FY 2025 · +1227% YoY
- -₹2.03 CrNet loss
- -₹2.37 CrEBITDA · -44% margin
- ₹1.2 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Myfitness Sports Private Limited are on its company page.
Detailed financial statements for ICON
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of ICON
2 dated milestones of ICON across 1 years, from founding to its latest funding, stage changes and deals.
- Founded ICON is founded.
- Funding First funding round of $1.2M.
Competitors of ICON
ICON has 3 listed competitors in our database, 3 of them funded. They include Mokobara, uppercase and Assembly.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| mokobara.com | 2019 | Bengaluru, India | $22.41M | 224 | Provider of luggage, backpacks, totes, handbags, briefcases, and travel accessories | |
| uppercase.co.in | 2021 | Bengaluru, India | $19.58M | 81 | Handcrafted eco-friendly luggage and backpack bags are sold online. | |
| assemblytravel.com | 2018 | Gurugram, India | $2.48M | 38 | Luggage bags and travel accessories are offered online by Assembly. |
Detailed competitors of ICON
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
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Verified entity values are shown only after access is granted.
Web traffic of ICON
The website of ICON (icon.in) receives about 8.8K visits a month.
- Monthly visits8.8K
▼ 55.9% vs previous month
Websites whose visitors overlap most with ICON. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| bwdisrupt.com | 100% | #774,387 | View details | ||
| iifl.com | 100% | 1.2M | #80,758 | View details | |
sreeleathersonline.com | sreeleathersonline.com | 72% | #143,230 | – | |
| nashermiles.com | 65% | 178.6K | #158,916 | View details | |
| indianstartupnews.com | 60% | 353.8K | #136,006 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 7 similar websites and full traffic analytics for ICON
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 7 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Fashion & Lifestyle E-Commerce
3 companies that operate in the same segment as ICON (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 542.17 M | 1,108 | |
Gold and silver jewellery, lab-grown diamonds, and accessories are retailed. | 2019 | Bengaluru, Karnataka, India | USD 142.34 M | USD 32.66 M | 711 |
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Related news about Icon
Complete news archive for ICON
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Frequently Asked Questions about ICON
ICON was founded in 2023 and raised its 1st funding round 1 year after it was founded.
ICON is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.
ICON is a funded company, having raised a total of $1.2M across 1 funding round to date. The company's 1st funding round was a Seed of $1.2M, raised on May 2024.
ICON has 1 employees.
The primary company behind ICON, Myfitness Sports Private Limited, reported revenue of ₹5.44 Cr for FY 2025, up 1227% year on year.
ICON is involved in the design and sale of premium luggage, suitcases, backpacks, and travel accessories. The company operates in the consumer goods sector, focusing on travel solutions for both business and leisure travelers. Products are crafted with durability, style, and functionality in mind, using high-quality materials like German Covestro polycarbonate and vegan leather. Solutions cater to modern travelers with features such as TSA-approved locks, 360-degree rotating wheels, and USB slots for convenience. ICON also provides customizable gift cards for various occasions, enhancing its offerings in the gifting segment.
ICON offers Suitcases, Backpacks, Handbags, and Gift Cards.
ICON has 1 investor. Key investors include DSG Consumer Partners.
ICON operates through Myfitness Sports Private Limited.
The legal entities of ICON currently have 2 directors, including Mohammadabbas Naushadali Patel, Aakash Mehta.