Amazon picks up stake in VC-backed men's apparel brand

By Debjyoti Roy

  • 15 May 2023
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Credit: Reuters

E-commerce giant Amazon India has picked up a significant minority stake in a local men's innerwear brand that is already backed by three venture capital funds, two people aware of the development told VCCircle.   The online retailer, an investor in companies like MyGlamm, Cashify, FreshToHome, Glowroad, among others, has invested in Surat-based XYXX ......

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