Direct-to-consumer (D2C) clothing and footwear startup RapidBox raised $4.5 million in Series A led by SIG Venture Capital, which is a venture capital arm of Susquehanna International Group of Companies (SIG) where Tanglin Venture Partners, India Quotient, and Ananya Goenka have also participated.
RapidBox’s mobile app sells products from various categories such as footwear, sports, and casual fashion. The funds will be used to expand the brand’s product line, improve the customer experience, and build the brand. This round of funding comes a year after RapidBox reportedly received an undisclosed sum from venture debt fund Black Soil Capital.