Fashion Brand Theater Raises ₹75 Cr in Series A Funding

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Sep 10, 2026 15:34

Fashion brand Theater secured ₹75 crore in Series A funding led by Niveshaay, with Physis Capital joining. Funds will fuel offline expansion and brand-building.

Key Points

Fashion brand Theater raised ₹75 crore in a Series A funding round.
Niveshaay led the funding, with Physis Capital and Prath Ventures also participating.
The fresh capital will be used for offline expansion in Tier 1 and Tier 2 cities.
Funds will also support brand-building initiatives and marketing activations.
The funding values the Chandigarh-based startup at ₹410 crore.

New Delhi, Sep 10 (PTI) Fashion and accessories brand Theater on Thursday said it has raised Rs 75 crore in a series A funding round led by Niveshaay.

The fundraise values the Chandigarh-headquartered startup at Rs 410 crore, the company said in a statement.

The round also saw participation from new investor Physis Capital, alongside continued backing from existing investor Prath Ventures.

Prior to this round, the company had raised USD 1.5 million (around Rs 14 crore) pre-series A funding round in 2024. The fresh capital will be utilised by the company to double down on offline expansion by establishing a stronger physical retail presence across Tier 1 and Tier 2 cities.

It will also support brand-building initiatives, including celebrity partnerships and marketing activations. Founded in 2021, the brand retails footwear, stockings, perfumes, and Bags.

Source: PTI By Rediff Money Desk, New Delhi

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