In its Series A round, backed by JM Financial India Growth Fund III, the well-known men's apparel firm The Bear House raised Rs 50 crore ($5.84 million).
The money raised will be utilized to meet working capital requirements, expand branding initiatives, and open additional physical locations.
Products including shirts, t-shirts, jeans, and shoes are sold at The Bear House. It has mostly been offered for sale online on sites like Nykaa, Flipkart, and Myntra.
In March 2025, under the direction of Harsh Somaiya, the company set up shop in Bengaluru. In the upcoming two years, it now intends to open 20 more outlets around India.
The Bengaluru-based firm asserts that it has so far maintained profitability and self-funding while developing an online brand worth Rs 150 crore.
“This growth capital infusion and partnership with a fund like JM Financial India Growth Fund III will help us accelerate our expansion plans and strengthen our brand’s presence. As we scale our offline footprint and invest in brand-building, we remain focused on staying true to our design philosophy and deepening our connection with customers," Harsh Somaiya, Co-Founder said in a statement.
Recently, Lighthouse Canton has contributed Rs. 30 crore, or around $3.5 million, to CollegeDekho, an online resource that assists students in selecting the best college.
A $35 million Series B investment headed by Winter Capital, ETS Strategic Capital, Calega, and Man Capital was closed by CollegeDekho earlier in December 2021.
