Luxury men’s brand Halden has raised 5 Rs crore in a seed funding round led by Prajay Advisors. The proceeds will be used to expand its market presence and product range, Halden said in a press-release.
Founded in 2019 by Anuj Beriwal and Mukund Singhal, Firm aims to provide access to premium luxury products at an affordable price. The startup manufactures belts, sunglasses, accessories, travel goods and business essentials.
The company claims to have served over 1 lakh customers since inception from tier I and tier II cities. The startup intends to expand its offline presence and to enhance brand visibility, increase sales, and penetrate new online & retail markets.
Company empowers the luxury market in India, making high-quality, affordable luxury products accessible to a broader audience.