A Shark Tank streetwear brand is now gearing up for a bigger VC bet.

Bonkers.corner is reportedly in talks to raise $10.66 M (~₹96.5Cr) in a Series A round led by India SME Investments.

Founded by Shubham Gupta in Mumbai, the startup is building an omnichannel streetwear brand targeting Gen Z fashion consumers in India.

The funds will be used to expand offline retail stores and strengthen the brand’s omnichannel presence.

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• Recently raised ₹1.5 Cr on Shark Tank India from Namita Thapar at a ₹300 Cr valuation
• Operates 23 physical stores across India
• Reported ₹122.8 Cr revenue in FY25 with ₹4.3 Cr profit
• Competes with brands like The Souled Store and SNITCH

India’s D2C fashion startups are increasingly moving offline to build stronger brand loyalty and scale revenue.

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Do you think D2C fashion brands need offline stores to truly scale in India?