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Funding · Commerce & Consumer Brands

Cove and Lane raises seed funding

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Date
Company
Cove and Lane
What it does
Premium bleisure apparel for India
Kind
Funding
Amount
₹6 crore
Stage
seed
Founded
2024
Sector
Commerce & Consumer Brands

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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