IndusLaw Advised Accel India And Fireside Ventures In NewMe's Series A Funding

IndusLaw Advised Accel India And Fireside Ventures In NewMe's Series A Funding

IndusLaw advised Accel India and Fireside Ventures, in relation to its Series A funding in Fraicheur Retail Private Limited (NewMe).

This round was led by Accel with participation from existing investors such as Fireside Ventures and AUM Ventures.

NewMe, a GenZ-focused fashion startup based in Bengaluru, raised $18 million in its Series A funding. The funding aims to enhance its supply chain, invest in data science and technology, and expand offline operations.

This funding round underscores Accel India and Fireside Ventures' support for NewMe's growth and expansion in the fashion retail sector

The IndusLaw team advising on the transaction included Aakash Dasgupta (Partner), Anantha Krishnan Iyer (Partner), Srushti Shanbhag (Senior Associate), Arnab Chakraborty (Associate), with strategic inputs from Anindya Ghosh (Partner).

Shardul Amarchand Mangaldas & Co. represented NewMe in the transaction.