The Pant Project raises ₹1.09B ($11.5M) Series B for retail rollout
The Indian apparel maker plans to expand from 25 to 150 retail stores and broaden its menswear catalog.
The Pant Project, an Indian apparel brand, has secured a Series B financing round of ₹1.09 billion (about $11.5 million) [1]. Mirae Asset Venture Investments (India) served as lead investor on the round [1]. Other participants include venture capital firm Sorin Investments, B&K Securities, MGA Ventures, B2V Ventures, various family offices, and angel investor Anisha Saraf [1].
Founded in 2020 by Dhruv Toshniwal and Udit Toshniwal, the company produces clothing and operates in the consumer commerce space [1]. According to the announcement, the startup intends to use the capital injection to broaden its menswear catalog and expand its brick-and-mortar footprint [1]. Leadership plans to scale its physical presence from 25 operating locations to 150 storefronts [1].
"The Pant Project started as a digital-first brand," Chief Executive Officer Dhruv Toshniwal said in a statement [1]. Partner Mandar Dandekar of Sorin Investments also participated in the transaction as part of the syndicate backing the company's offline expansion strategy [1].
Questions and answers
How much capital did The Pant Project raise?
The company raised ₹1.09 billion (about $11.5 million) in Series B funding.
Who led the financing round?
Mirae Asset Venture Investments (India) served as the lead investor.
What will the proceeds fund?
The capital will support growing the physical store footprint from 25 to 150 outlets and broadening the menswear lineup.
Companies & investors in this story
Sources
- 1.The Pant Project Raises ₹109 Cr To Expand Store Network & Portfolio — Inc42, Oct 19, 2026