Funding · Commerce & Consumer Brands
Cove and Lane raises seed funding
By Startup Enthusiast ·
- Date
- Company
- Cove and Lane
- What it does
- Premium bleisure apparel for India
- Kind
- Funding
- Amount
- ₹6 crore
- Stage
- seed
- Founded
- 2024
What they do
Cove and Lane sells premium workwear-leisure hybrid clothing designed for Indian weather
What happened
The startup raised ₹6 crore in seed funding to fund supply chain and R&D
Why it matters
Founders achieved EBITDA neutrality within one year, prioritizing unit economics over hyper growth
The details
- Cove and Lane has raised ₹6 crore in seed funding.
- The company was founded in 2024 by Sanya Pradhan and Adit Purohit.
- Funds will be used for supply chain, R&D, and brand identity.
- The strategy prioritizes unit economics over hyper growth.
- The founders have already achieved EBITDA neutrality within one year of operations.
- Expansion plans include an experience store launch and entry into international markets.
- New product categories are planned alongside the existing retail footprint in India.
The bigger picture
- The startup leverages Sanya Pradhan's family background in apparel manufacturing.
- It targets modern Indian professionals seeking versatile premium apparel.
- The brand focuses on timeless designs rather than fast fashion trends.
About the business
- Cove and Lane operates in the bleisure category (workwear-leisure hybrid).
- Products include proprietary fabrics named Soft Suit and Airlinen.
- Fabrics are specifically designed for Indian weather conditions.
- The brand emphasizes timeless designs over fast fashion cycles.
- Target customers are modern Indian professionals seeking versatile clothing.
- The company maintains a retail footprint across India.
- Plans include launching an experience store for direct customer engagement.
- Future expansion involves entering international markets with new product lines.
What happens next
- Launch an experience store.
- Enter international markets.
- Expand into new product categories.
The deal
- Type
- seed
Founders
- Sanya Pradhan, founder
- Adit Purohit, co-founder
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