Newme, a fast-growing fashion brand, is making waves. They’ve secured about $12 million in Series B funding, showing investors believe in digital fashion brands that match what Indian consumers want.
Accel India and Fireside Ventures, who already supported Newme, co-led this funding round, reaffirming their confidence in the brand. Point72 Ventures is a new investor. Others, like AUM Ventures and 2am Ventures, also invested. This funding round has increased Newme’s value by nearly 41%, from about $84 million to $112 million. In a time when only strong D2C brands are getting big investments, this is a big step.
Newme previously raised $18 million in a Series A round in July 2024. With over $23 million raised so far, they’re becoming a key player changing the game in Indian retail. The decision to issue 3,447 Series B shares at about $3,770 each shows that investors are sure of the company’s growth potential.
Accel India and Fireside Ventures each invested $4 million, while Point72 Ventures put in $3 million. This brings global investors to the table. After this round, Fireside Ventures owns the most shares at 19.27%, followed by Accel India with 17.06%, and Point72 Ventures with 2.67%. The four founders still own 31.45% of the company, showing they’re committed to Newme’s long-term plan.
Shivam Tripathi, Sumit Jasoria, Himanshu Chaudhary, and Vinod Naik started Newme with a straightforward idea: Indian Gen Z wants fashion that’s quick, cheap, trendy, and available everywhere. Their women’s collection is a mix of D2C fashion and lifestyle, which is popular among Indian consumers in cities and towns. Their app has been downloaded over 7 million times, and they have 16 stores in cities like Bengaluru and Mumbai. This balanced approach makes Newme a strong contender among the fastest-growing D2C brands in 2025.
Newme reported about $5.8 million in revenue for FY24 but had a loss of about $4.3 million due to growth and acquisition costs common for fast-growing fashion startups. The financials for FY25 are pending to be released, but the new funding should help increase revenue, expand distribution, improve the supply chain, and introduce new products that follow the latest consumer trends in India.
Fashion is becoming more about data, reacting to trends, and using influencers. Newme is at the heart of these changes shaping the future of retail in India. Even though startup valuations have gone down in 2025, the continued interest in brands like Newme shows confidence in digital fashion platforms that blend D2C retail with online shopping.
By growing carefully, strengthening customer loyalty, and focusing on owning its market, Newme is not just raising money but is also setting a new standard for D2C brands in India.
