MyDesignation Nets ₹40 Crore Series A Funding to Fuel D2C Fashion Expansion in India
Kerala-based direct-to-consumer (D2C) fashion and lifestyle brand MyDesignation has raised ₹40 crore in a Series A funding round, led by RPSG Capital Ventures with participation from Veltis Capital, Multiply Ventures, and Dominor Investments. The funding will support the company’s plans to expand its retail footprint, strengthen leadership, and introduce new products. This raise marks a key milestone in the brand’s growth journey and highlights the continued investor interest in Indian D2C fashion startups.
The news is significant because MyDesignation has been growing steadily since its seed funding in 2025 and now enters a more advanced phase of scaling. With the Indian fashion market expanding rapidly, this Series A round positions the brand to compete more effectively with established players while bringing more personalized and expressive fashion choices to consumers.
Strong Series A Funding Boosts Strategic Growth Plans
Major Investors Lead the ₹40 Crore Round
MyDesignation’s ₹40 crore Series A funding round was led by RPSG Capital Ventures, a venture firm known for backing consumer-focused brands. Existing investors Veltis Capital, Multiply Ventures, and Dominor Investments also participated, showing continued confidence in the company’s business model and growth potential.
The involvement of established venture firms underscores increasing investor interest in India’s D2C fashion sector, which has been gaining traction among urban consumers seeking unique and expressive apparel.
From Seed to Series A: Growth Trajectory
This Series A comes about 10 months after MyDesignation secured $1.25 million (around ₹10.7 crore) in seed funding in April 2025. The seed round, led by Multiply Ventures with participation from other backers, aimed to accelerate hiring, boost technology, and expand offline presence.
The latest funding round shows that MyDesignation has built on its early progress and is now ready to scale up significantly across broader markets.
Why This Funding Matters for the D2C Fashion Market
D2C Brands Attracting Heavy Investments
The direct-to-consumer model has emerged as a strong alternative to traditional retail in India, enabling brands to connect directly with customers and control product design, pricing, and distribution. Investment in D2C companies like MyDesignation reflects broader optimism in the segment, which includes fashion, beauty, and lifestyle brands.
As consumers increasingly seek affordable yet trend-driven apparel, investors are allocating capital to companies that combine digital engagement with offline retail expansion.
Expanding Offline Stores in Key Cities
A key focus of the Series A funds will be the expansion of MyDesignation’s offline retail footprint. The company plans to open its own stores in strategic urban markets including Chennai and Hyderabad, while enhancing its existing presence in cities like Bengaluru.
This physical expansion strategy aims to build stronger brand visibility and enhance customer experience, complementing digital channels and social engagement.
Strengthening Leadership and Product Portfolio
Another priority for MyDesignation will be to fortify its senior leadership team and broaden its product range. The company has indicated plans to introduce new categories inspired by customer trends and evolving fashion preferences.
These strategic moves align with industry expectations for D2C brands to innovate and differentiate in a crowded fashion market.
Focus on Customer-Led Fashion and Community Engagement
Since its launch in 2020 by co-founders Swaroop Krishnan and Gopika Menon, MyDesignation has built a reputation for expressive fashion clothing designed around individual identity and style.
The brand’s digital-first approach, backed by strong community engagement, has helped it create a loyal customer base. Social media and online platforms have been central to its marketing and product feedback loops, a model common in successful D2C businesses.
How MyDesignation Plans to Use the Funds
Retail Expansion and Store Rollout
A major use of the ₹40 crore Series A investment will be offline store expansion. By establishing more stores in key cities, MyDesignation aims to reach customers who prefer in-person shopping experiences.
This move reflects a growing trend among D2C brands to integrate digital offerings with physical retail, allowing customers to see, feel, and try products before purchase.
Leadership and Team Strengthening
Investment in talent will help drive the company’s next phase of growth. Hiring senior executives and specialists across marketing, product design, and operations will be crucial as MyDesignation scales its business.
Product Innovation and Category Extensions
The brand also plans to expand its product categories beyond its current lineup. This will give MyDesignation the opportunity to attract a broader audience and offer a more diverse fashion experience.
Competitive Landscape in Indian Fashion D2C
Rising D2C Fashion Players
India’s D2C fashion ecosystem has been rapidly expanding, with brands exploring digital channels, influencer marketing, and experiential retail. MyDesignation will be competing with both homegrown labels and established online fashion players.
This competitive environment has encouraged innovation but also required strong differentiation in product design, pricing, and customer experience.
Industry Adoption of Omni-Channel Strategies
Successful D2C brands are increasingly adopting omni-channel strategies blending online and offline touchpoints to capture a diverse customer base. By investing Series A capital into offline stores, MyDesignation is aligning with this trend, potentially strengthening its market position.
Investor Confidence Signals Market Strength
The participation of investors like RPSG Capital Ventures and continued backing from early proponents like Veltis Capital signal strong investor confidence in MyDesignation’s growth trajectory.
Such support highlights the belief that India’s fashion-focused D2C brands have room to grow, especially when they balance digital engagement with offline accessibility.
Market Trends Behind Funding
Youth-Driven Fashion Demand
Young consumers in India are increasingly seeking fashion that resonates with personal identity and expression. MyDesignation’s ethos of expressive fashion taps directly into this trend, helping the brand stay relevant and desirable.
Offline Retail as Growth Driver
While online channels remain crucial, offline retail still plays a significant role in fashion shopping. Brick-and-mortar stores build brand trust and customer loyalty, particularly for lifestyle and apparel products.
Expansion Beyond Metro Cities
By targeting cities beyond typical tier-1 hubs, MyDesignation has the opportunity to tap into growing fashion demand among urban and semi-urban demographics.
Outlook for MyDesignation and the D2C Sector
With Series A funding now secured, MyDesignation is poised to accelerate its expansion and create a stronger retail and product footprint. The success of its offline expansion and leadership investments will likely shape its trajectory in the coming years.
Analysts say that strong community engagement, combined with strategic retail expansion and product innovation, can help emerging fashion brands compete effectively against larger rivals in the Indian market.
Conclusion: Strategic Growth on the Horizon
MyDesignation’s ₹40 crore Series A funding marks a key milestone in the brand’s evolution from a seed-stage D2C fashion startup to a scaling enterprise with retail ambitions. Led by RPSG Capital Ventures and supported by existing investors, the funding will enable the company to grow its offline presence, widen its product range, and strengthen its leadership team positioning it for accelerated growth in India’s competitive fashion landscape.
As consumer preferences evolve and omni-channel retail becomes increasingly important, MyDesignation will be watched as a case study in effective expansion and audience engagement in the D2C fashion space.
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Last Updated on Monday, February 23, 2026 11:24 am by Startup Newswire Team
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