The Bear House Secures Crucial Investment on Shark Tank India

In a recent episode of Shark Tank India, contemporary menswear brand The Bear House, co-founded by Tanvi and Harsh Somaiya, secured a Rs. 3 crore investment from Shark Namita Thapar. Leveraging this investment, the brand aims to expand its presence in India and bolster its growth in the menswear market.

In a captivating episode of Sony LIV's Shark Tank India, The Bear House, a contemporary men's apparel brand, secured a significant investment deal of Rs. 3 crore from Shark Namita Thapar. Founders Tanvi and Harsh Somaiya convinced the sharks with their brand's potential and unique offerings.

Namita Thapar, Executive Director of Emcure Pharmaceuticals, provided Rs. 1 crore for a 1% equity stake along with Rs. 2 crore as debt. Despite keen interest from other sharks, the co-founders chose Thapar's offer, resonating with their vision and growth strategy.

Founded in 2017, The Bear House is known for its refined smart casual menswear. With plans to expand into major Indian cities and a notable presence on platforms like Myntra, the brand aims for substantial growth, projecting a net revenue surpassing Rs. 140 crore this year.

(With inputs from agencies.)