Roundup · Commerce & Consumer Brands

DSLR Technologies raises ₹80 crore in Series A funding

By Startup Enthusiast · 10 February 2026

What they do

DSLR Technologies operates the direct-to-consumer ethnic wear brand Aramya

The company raised ₹80 crore ($9M) co-led by Z47 and Accel at a $161M valuation

Revenue grew over 13-fold to ₹41 crore in FY25 despite reporting losses of ₹10.7 crore

DSLR Technologies raised ₹80 crore in its Series A funding round.
The investment was co-led by Z47 and Accel India, each contributing ₹40 crore.
The post-money valuation stands at approximately ₹1,438 crore or $161 million.
Z47 and Accel now hold equal stakes of 20.77% each in the company.
The funds will support expansion, working capital needs, and balance sheet strength.
This follows a $7 million Seed round previously led by the same investors.
A pre-Series A round of $2.24 million was completed in December 2024.
Founder Ankush Goyal leads the company as it scales its operations.

The company demonstrated rapid growth with revenue increasing more than 13-fold year-on-year.
Revenue jumped from ₹3 crore in FY24 to ₹41 crore in FY25.
Investors are backing a high-growth consumer brand despite current operational losses.
The strong investor interest highlights confidence in the D2C ethnic wear sector.

DSLR Technologies operates the direct-to-consumer brand Aramya.
Aramya focuses on women's apparel using traditional handcrafted techniques like block printing.
Products include items made with bandhani and ajrakh artisanal methods.
The brand uses premium fabrics such as pure cotton and linen-cotton blends.
Revenue reached ₹41 crore for the fiscal year ending March 2025.
Previous revenue was significantly lower at ₹3 crore in FY24.
The company reported a net loss of ₹10.7 crore in FY25.
Growth is driven by expanding its product range and customer base online.

Z47 (co-lead) — Former Matrix Partners India fund managing technology investments.
Accel India (co-lead) — Global venture capital firm investing in early-stage startups.