About Modern Crew
Modern Crew is a Retail company based in Mumbai (India) founded in 2019 by Shivesh Verma and Saurabh Bisht. Modern Crew has raised $449.62 thousand across 2 funding rounds from investors including Zend Advisors, Indiaxis Investments and Terraom Ventures. Modern Crew was last valued at $1.59 million in April 2023. Its Indian entity Modern Crew Lifestyle Solutions Private Limited reported revenue of ₹2.37 Cr. Modern Crew offers products and services including Micromodal Briefs, Micromodal Trunks, Bamboo Vests, Sweatshirts, and Lounge Pants. Its focus areas include Consumer, Fashion Tech, B2C Commerce and Apparel. Its competitors include Bummer, Freecultr and Tailor And Circus; 3 of its 3 listed competitors have raised funding.
Company details
Premium mens innerwear and loungewear online retailer. The company offers a selection of comfortable and stylish clothing items, including briefs, trunks, vests, t-shirts, lounge pants, and sweatshirts. They utilize high-quality materials such as micromodal, bamboo, and cotton in their products. The platform provides a convenient online shopping experience with various payment options and shipping services. Customer reviews highlight the comfort and quality of the garments. The company also offers a satisfaction guarantee.
- Headquarters Mumbai, India
- Founders Shivesh Verma, Saurabh Bisht
- Stage Minicorn
- SectorsRetail
- Email••••••••
- Website moderncrew.in
- Social LinkedIn X Facebook Instagram YouTube
- Legal Name Modern Crew Lifestyle Solutions Private Limited
- Date of Incorporation 09 May, 2019
- Jurisdiction Thane, Maharashtra, India
- Annual Revenue₹2.37 Cr
FY 2024 · +163% YoY
- Net Loss-₹86.7 Lakh
FY 2024 · -37% margin
- EBITDA-₹80.2 Lakh
FY 2024 · -34% margin
- Total Equity Funding$449.62K (USD)
in 2 rounds
- Latest Funding Round$158.59K (USD), Seed
Apr 2023
- InvestorsZend Advisors
& 16 more
Associated legal entities of Modern Crew
Modern Crew operates through Modern Crew Lifestyle Solutions 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 |
|---|---|---|---|---|---|---|---|
| Modern Crew Lifestyle Solutions Private Limited CIN U17299MH2019PTC325162 | Active | 09 May 2019 | Thane, Maharashtra | ₹2.4 Cr | 2 | View details |
Products & Services of Modern Crew
Modern Crew offers a comprehensive portfolio of products and services, including Micromodal Briefs, Micromodal Trunks, Bamboo Vests, Sweatshirts, and Lounge Pants.
Premium briefs for daily comfort and fit
Soft trunks made from micromodal for everyday use
Eco-friendly vests offering breathable and durable wear
Cozy sweatshirts for warmth and casual styling
Comfortable pants for relaxed home wear
Apps and channels of Modern Crew
its YouTube channel Modern Crew has 328 subscribers and 11 videos.
Videos from Modern Crew
The most watched videos on Modern Crew's YouTube channel, Modern Crew (328 subscribers). Click a video to play it here.
More on Modern Crew.
Funding Insights of Modern Crew
Modern Crew has successfully raised a total of $449.62K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $158.59 thousand completed in April 2023. 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 $449,623
- Total Rounds 2
- Last Round Seed — $158,591
- First Round $291,032
(Jun 2022)
- Investors Count 17
All 2 funding rounds of Modern Crew 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 |
|---|---|---|---|---|---|
| Apr 2023 | $158,591 | Seed | $1.59M | Indiaxis Investments | |
| Jun 2022 | $291,032 | Seed | $1.2M | Indiaxis Investments, Aasif Khan |
| Date | Valuation | Stage |
|---|---|---|
| Apr 2023 | $1.59M | •••••••• |
| Jun 2022 | $1.2M | •••••••• |
Last known valuation $1.59M (Apr 2023). 17 investors in total: 4 institutional and 13 angel.
Investors in Modern Crew
Modern Crew has secured backing from 17 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Zend Advisors, Indiaxis Investments and Terraom Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital fund investing in seed-stage startup | indiaxisinvestment.tcc.mode | Singapore, Singapore | ||
Provider of conflict management, equity guidance, corporate governance, and other consulting services | terraomventures.tcc.mode | Singapore, Singapore | ||
Investment banking services are provided across multiple sectors. | candlepartners.com | Mumbai, India | ||
Offers consulting services to enhance small business operations and strategies. | 2013 | zendadvisors.com | Mumbai, India | |
SP Suresh Pareek | Founder of Idein Ventures, active angel investor in Indian startups | unknown_2b37686cd84b4d248 | ||
AK Aasif Khan | unknown_8f621420c61046cfb | |||
NM Nikhil Mohta | unknown_e77e6bcf52974f14b | |||
AG Aseem Goyal | unknown_b96db5554b4b4bccb | |||
NM Nitin Mohta | unknown_3fdb38dd98d246c29 | |||
NM Nikhil Mohta | unknown_2298c95f9d2f49c3a |
Investor details for Modern Crew
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Modern Crew Lifestyle Solutions Private Limited (Modern Crew)
Modern Crew Lifestyle Solutions Private Limited is the primary company behind Modern Crew. The board of Modern Crew Lifestyle Solutions Private Limited currently have 2 directors; the longest-serving is Saurabh Bisht, appointed in 2019. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Saurabh Bisht DIN 08447598 | Director | 09 May 2019 | 7 yrs 5 mo | Modern Crew Lifestyle Solutions Private Limited |
| Shivesh Verma DIN 07528422 | Director | 09 May 2019 | 7 yrs 5 mo | Modern Crew Lifestyle Solutions Private Limited |
People of Modern Crew
2 people are tracked at Modern Crew (2 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder | Leadership |
Complete people profiles for Modern Crew
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Financials of Modern Crew
Figures of Modern Crew Lifestyle Solutions Private Limited, the primary company behind Modern Crew, for FY 2024. Revenue was ₹2.37 Cr (+163% year on year). Net loss was -₹86.7 Lakh (-37% margin). EBITDA was -₹80.2 Lakh (-34% margin). Revenue has grown at a compounded annual rate of +106% over three years.
- ₹2.37 CrRevenue · FY 2024 · +163% YoY
- -₹86.7 LakhNet loss · -37% margin
- -₹80.2 LakhEBITDA · -34% margin
- ₹1.5 LakhPaid-up capital
- +106%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Modern Crew Lifestyle Solutions Private Limited are on its company page.
Detailed financial statements for Modern Crew
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Verified entity values are shown only after access is granted.
Timeline of Modern Crew
4 dated milestones of Modern Crew across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Modern Crew is founded.
- Funding First funding round of $291K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $159K.
Competitors of Modern Crew
Modern Crew 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 Modern Crew
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Web traffic of Modern Crew
Websites that share an audience with Modern Crew (moderncrew.in).
Websites whose visitors overlap most with Modern Crew. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| vstar.in | 100% | 51.6K | #502,657 | View details | |
| nevaindia.com | 100% | 18.3K | #1,377,630 | View details | |
| freecultr.com | 99% | 82.6K | #444,913 | View details | |
muji.in | muji.in | 92% | #137,379 | – | |
| bummer.in | 92% | 155.9K | #224,009 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 14 similar websites and full traffic analytics for Modern Crew
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- 14 similar websites
- Audience overlap
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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 Modern Crew (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 143.24 M | USD 32.66 M | 711 |
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Related news about Modern Crew
Complete news archive for Modern Crew
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Frequently Asked Questions about Modern Crew
Modern Crew was founded in 2019 and raised its 1st funding round 3 years after it was founded.
Modern Crew is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Modern Crew is a funded company, having raised a total of $449.62K across 2 funding rounds to date. The company's 1st funding round was a Seed of $291.03K, raised on Jun 2022.
The primary company behind Modern Crew, Modern Crew Lifestyle Solutions Private Limited, reported revenue of ₹2.37 Cr for FY 2024, up 163% year on year.
Premium mens innerwear and loungewear online retailer. The company offers a selection of comfortable and stylish clothing items, including briefs, trunks, vests, t-shirts, lounge pants, and sweatshirts. They utilize high-quality materials such as micromodal, bamboo, and cotton in their products. The platform provides a convenient online shopping experience with various payment options and shipping services. Customer reviews highlight the comfort and quality of the garments. The company also offers a satisfaction guarantee.
Modern Crew's top competitors include Bummer, Freecultr and Tailor And Circus.
Modern Crew offers Micromodal Briefs, Micromodal Trunks, Bamboo Vests, Sweatshirts, and Lounge Pants.
Modern Crew has 17 investors. Key investors include Zend Advisors, Indiaxis Investments, Terraom Ventures, Candle Partners, and Suresh Pareek.
The valuation of Modern Crew is $1.59M as of Apr 2023.
Modern Crew operates through Modern Crew Lifestyle Solutions Private Limited.
The legal entities of Modern Crew currently have 2 directors, including Saurabh Bisht, Shivesh Verma.