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.
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 |
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 |
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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 |
Investments & Acquisitions by Modern Crew
Financial Statements - Modern Crew
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.
| 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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Latest news on Modern Crew
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 18, 2022.
Annual revenue of Modern Crew is $108.08K as on Mar 31, 2023.
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.