Rare Rabbit, a premium apparel brand under Radhamani Textiles Private Limited, has raised Rs 150 crore in equity investment from A91 Partners, NkSquared backed by Nikhil Kamath, Gruhas Proptech, Ravi Modi Family Trust, and Vedant Modi.
According to regulatory filings, A91 Emerging Fund II LLP led the investment with Rs 102 crore (9.65% share capital), while NkSquared contributed Rs 29 crore (4.13%). Ravi Modi Family Trust and Vedant Modi invested Rs 15 crore (2.13%) and Rs 2.9 crore (0.43%), respectively.
Ravi Modi, founder of Manyavar, and his son Vedant Modi, underscore their support for Rare Rabbit, enhancing the brand’s growth trajectory in the premium apparel market.
The funds will bolster Rare Rabbit’s expansion plans and strengthen its market position, leveraging the investment to innovate in product offerings and enhance brand presence nationwide.
