2017
Surat (India)
Series C
XYXX is a contemporary essential fashion brand specializing in premium men's innerwear, athleisure, and loungewear. Founded in 2017 by Yogesh Kabra and Siddhartha Gondal, the company is headquartered in Surat, Gujarat, India. XYXX operates primarily in the ecommerce sector, catering to a wide range of customers across India, with distribution channels in Maharashtra, Madhya Pradesh, Gujarat, and Chhattisgarh.
XYXX offers a wide array of men's innerwear and loungewear products, emphasizing innovation, quality, and affordability. The brand has established a robust presence in the Indian market, with products available through multiple channels, including its official website and major e-commerce platforms. The company has also expanded its retail footprint, with over 18,000 touchpoints across the country.
XYXX primarily generates revenue through direct-to-consumer (D2C) sales, leveraging its ecommerce platform to reach customers directly. This model allows for strong brand control and customer engagement, enabling the company to build a loyal customer base.
Direct Sales: The majority of XYXX's revenue comes from selling its products online through its website and other ecommerce platforms.
Marketplace Sales: While primarily D2C, XYXX may also sell its products through third-party marketplaces to expand its reach.
Premium Pricing: XYXX maintains a premium pricing strategy due to its high-quality products and sustainable materials, appealing to customers willing to pay more for comfort and eco-friendliness.
Customer Retention: The company focuses on building strong customer relationships through excellent product quality and customer service, encouraging repeat purchases and word-of-mouth referrals.
XYXX primarily targets the B2C market, focusing on individual consumers seeking premium innerwear and loungewear. However, its products also appeal to a niche segment of environmentally conscious consumers.
Market Expansion: XYXX aims to expand its distribution channels beyond its current markets in India, potentially entering new regions both domestically and internationally.
Product Innovation: The company continuously innovates its product line by incorporating new sustainable materials and designs, keeping pace with consumer preferences for comfort and style.
Partnerships: Collaborations with influencers and sustainable fashion advocates help enhance brand visibility and credibility.
XYXX differentiates itself from competitors like DaMENSCH by focusing on sustainable materials and a strong D2C model, which allows for better customer engagement and brand control. While competitors may focus more on mass market appeal, XYXX's premium positioning and commitment to sustainability attract a niche audience willing to pay for quality and eco-friendliness. This strategy aligns with global trends towards sustainable fashion, positioning XYXX for long-term growth in a rapidly evolving industry.
$35.3Million
9
$3.6Million, Series C
as of March 4, 2025
$71Million
as of May 14, 2023
1.8
as of May 15, 2023
Sauce
and 8 more313
Palmonas
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Date | Round Name | Amount | Valuation | Revenue | Revenue Multiple | Investors |
---|---|---|---|---|---|---|
March 4, 2025 | Series C | $3.6Million | - | - | - | Niveshaay Sambhav Fund,Sauce.vc, Anicut Capital. |
May 14, 2023 | Series C | $13.4Million | $71.0Million | $13.5Million | 4.2x | ASVF, Sauce, Anicut Capital, DSG Consumer Partners, Singularity Ventures AMC , Amazon |
August 25, 2022 | Series B | $9.4Milion | - | $9.9Million | - | Sauce, DSG Consumer Partners, Singularity Ventures AMC, Trifecta Capital, Raur Ventures and Consultancy LLP, Bend Reality |
June 9, 2021 | Series A | $100.0K | - | $6.0Million | - | Trifecta Capital |
May 14, 2020 | Seed | $2.9Million | $20.4Million | $2.0Million | 9.0x | Sauce , Parkem Dyes And Chemicals, Bodhivriksha Advisors |
September 5, 2019 | Seed | $883.0K | $7.8Million | $1.1Million | 6.4x | 6.4x |
February 27, 2019 | Angel | $281.0K | $4.2Million | $434.0K | 9.0x | Manu Chandra , Sauce |