The Bear House, a Bengaluru-based Direct-to-Consumer (D2C) menswear brand, has successfully raised Rs 50 crore (approximately $5.8 million USD) in its Series A funding round. Founded in 2017 by the husband-wife team Harsh Somaiya (who also serves as CEO) and Tanvi Somaiya, the company plans to use the capital infusion primarily to establish a significant offline retail presence across India.
Key Details
- Funding Amount: Rs 50 crore ($5.8 million USD)
- Funding Round: Series A.
- Lead Investor: JM Financial India Growth Fund III.
- Use of Funds: To drive offline store expansion, enhance branding and marketing efforts, and support working capital needs.
- Expansion Goal: Open approximately 20 physical stores across India within the next two years. This follows the launch of their first store in Bengaluru in March 2025.
- Previous Investment: Secured Rs 3 crore on Shark Tank India from Namita Thapar at a Rs 100 crore valuation.
Founder's Background
Harsh and Tanvi Somaiya initially founded Bloomcraft Apparels, manufacturing garments for international brands like Zara and Marks & Spencer. Leveraging this expertise, they launched The Bear House in 2017 to offer premium, versatile menswear suitable for modern work-life integration. Harsh Somaiya brings experience from his family's textile business background and his time leading Bloomcraft Apparels. Tanvi Somaiya, a NIFT Mumbai graduate, contributes her expertise in design, marketing, and consumer experience, shaping the brand's identity.
Funding Details
The recent Rs 50 crore Series A funding was led by JM Financial India Growth Fund III, a private equity fund specializing in high-growth Indian companies. This marks the fund's eighth investment. The capital is earmarked to accelerate The Bear House's omnichannel strategy, significantly scaling its physical retail footprint alongside its established online channels like its own website, app, Myntra, AJIO, and Flipkart.