Madsto raises seed funding from Prajay Advisors LLP

Madsto, a men’s fashion retail brand has raised an undisclosed amount in seed-stage funding from Prajay Advisors LLP, Mumbai.

The brand will utilise the funds to further accelerate its growth story in the competitive fashion retail industry in India.

Commenting on the investment, Dr Prakash Mody, founder of Prajay Advisors in a statement said, “We are very pleased to be partnering with Madsto. One of Madsto’s key differentiators is its commitment to ‘Make in India’ products. The company sources its clothing materials from within India and manufactures all its products in the country. This approach not only supports the ‘Make in India’ initiative but also ensures quality control and helps the local economy.”

“Madsto’s market strategy centres on profitability. The company’s lean operations allow it to maintain a competitive edge while continuing to expand its product offerings,” he added.

The funding round was facilitated for Madsto by Capitalcorn, a platform specializing in helping early-stage startups with fundraising.