Published
October 25, 2024
Outdoor apparel and adventure gear brand Gokyo plans to raise $1.5 million in the fourth quarter of the 2025 financial year. The Mumbai-based business aims to use the investment to expand swiftly across India with an omni-channel approach and open 10 brick-and-mortar stores.
“Since Gokyo’s launch two years ago, we have successfully built our product range and received positive customer feedback,” said Gokyo’s founder Venkatesh Maheshwari, India Retailing reported. “Recognising the strong growth potential in the outdoor lifestyle segment, we are now planning to raise funds through angel investments.”
For its upcoming investment round, Gokyo is targeting startup venture capitals, family investment groups, and high net worth individuals. In order to facilitate the fundraising process, Gokyo has appointed a financial advisor.
By the 2026 financial year, Gokyo aims to open 10 new outlets to reach more shoppers in India. Following that, the brand plans to hold a venture capital backed Series A funding round to give it the fuel to open 100 brick-and-mortar stores.
Gokyo currently retails a range of trekking and adventure clothing for men and women. The brand aims to continue to expand its product offering to create a comprehensive wardrobe solution. Next, Gokyo aims to step into the fast growing athleisure product category and launch its own range of comfort driven garments.
Copyright © 2024 FashionNetwork.com All rights reserved.