Funding · Commerce & Consumer Brands
Pinq Polka raises ₹4 crore pre-series a
By Startup Enthusiast ·
- Date
- Company
- Pinq Polka
- What it does
- Innerwear and shapewear brand
- Kind
- Funding
- Amount
- ₹4 crore
- Stage
- pre-series-a
- Based in
- Faridabad
- Founded
- 2017
What they do
Pinq Polka makes innerwear and shapewear for modern women
What happened
It raised ₹4 crore in a pre-Series A round led by Inflection Point Ventures
Why it matters
Revenue grew from ₹1.22 crore to ₹20 crore in three years, a 19X jump
The details
- Pinq Polka raised ₹4 crore in a pre-Series A round.
- The round was led by Inflection Point Ventures (IPV).
- The company will use the funds to scale marketing of its shapewear category.
- It will also boost hiring and support working capital.
- The brand appeared on Shark Tank India Season 4, which increased its visibility.
- Revenue grew from ₹1.22 crore in FY23 to ₹20 crore over three years, a 19X growth.
The bigger picture
- India's lingerie and intimate wear market is valued at ₹50,000 crore.
- It is projected to reach ₹90,000 crore by 2030-31.
- Shapewear and accessories are expected to contribute nearly 10% of the market.
- Comfort wear accounts for about 20% of the market.
About the business
- Pinq Polka is a Faridabad-based innerwear and shapewear brand.
- It focuses on comfort and fit for modern women.
- The company describes itself as research-driven.
- Its products are based on consumer insights and an international supply chain.
What happens next
- Scale marketing of the shapewear category.
- Boost hiring.
- Support working capital.
The deal
- Type
- pre-series-a
Investors
- Inflection Point Ventures (lead) — An early-stage venture capital firm.
Founders
- Manveen Ssharma, Founder
About Pinq Polka
- Product
- Research-driven innerwear and shapewear products designed for modern women
- Customers
- Women seeking comfortable, high-quality intimate wear and shapewear
- How it makes money
- D2C brand selling directly through online channels with presence in quick commerce
- What sets it apart
- Focus on everyday comfort and real-world functionality; featured on Shark Tank India; experienced 19X revenue growth
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