About Modern Crew
Modern Crew is a 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 offers products and services including Micromodal Briefs, Micromodal Trunks, Bamboo Vests, Sweatshirts, and Lounge Pants. Modern Crew operates in a competitive market with competitors including Bummer, Freecultr, Tailor And Circus and Bruchiclub, among others.
- Headquarter Mumbai, India
- Founders Shivesh Verma, Saurabh Bisht
- 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
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- Legal Name Modern Crew Lifestyle Solutions Private Limited
- Date of Incorporation 09 May, 2019
- Jurisdiction Thane, Maharashtra, India
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Annual Revenue
$108.08 K (USD)12.04as on Mar 31, 2023
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Net Profit
$-97.35 K (USD)-47.81as on Mar 31, 2023
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EBITDA
$-84.93 K (USD)-28.96as on Mar 31, 2023
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Total Equity Funding
$449.62 K (USD)
in 2 rounds
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Latest Funding Round
$158.59 K (USD), Seed
Apr 25, 2023
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Investors
Zend Advisors
& 16 more
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Employee Count
Employee Count
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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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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
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 Total Funding
- Total Rounds 2
- Last Round Seed — $158,591
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First Round
First Round
(18 Jun 2022)
- Investors Count 17
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2023 | Amount | Seed - Modern Crew | Valuation | Indiaxis Investments | |
| Jun, 2022 | Amount | Seed - Modern Crew | Valuation | Indiaxis Investments , Aasif Khan |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital fund investing in seed-stage startup
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Founded Year | Domain | Location | |
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Provider of conflict management, equity guidance, corporate governance, and other consulting services
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Founded Year | Domain | Location | |
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Investment banking services are provided across multiple sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Modern Crew
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Modern Crew
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Modern Crew Comparisons
Competitors of Modern Crew
Modern Crew operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Bummer, Freecultr, Tailor And Circus and Bruchiclub, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online platform offering multi-category innerwears and swim suite for both mena nd women
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| domain | founded_year | HQ Location |
Internet first brand offering eco-friendly innerwear for men and women
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| domain | founded_year | HQ Location |
Internet first brand of under & maternity wear for men and women
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| domain | founded_year | HQ Location |
Online retailer of sustainable innerwear and lingerie for all genders.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Modern Crew
When was Modern Crew founded?
Modern Crew was founded in 2019 and raised its 1st funding round 3 years after it was founded.
Where is Modern Crew located?
Modern Crew is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Is Modern Crew a funded company?
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 18, 2022.
What is the annual revenue of Modern Crew?
Annual revenue of Modern Crew is $108.08K as on Mar 31, 2023.
What does Modern Crew do?
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.
Who are the top competitors of Modern Crew?
Modern Crew's top competitors include Bummer, Freecultr and Tailor And Circus.
What products or services does Modern Crew offer?
Modern Crew offers Micromodal Briefs, Micromodal Trunks, Bamboo Vests, Sweatshirts, and Lounge Pants.
Who are Modern Crew's investors?
Modern Crew has 17 investors. Key investors include Zend Advisors, Indiaxis Investments, Terraom Ventures, Candle Partners, and Suresh Pareek.
What is Modern Crew's valuation?
The valuation of Modern Crew is $1.59M as of Apr 2023.