Acefour Accessories raises Pre-Series A round led by Sixth Sense Ventures and Volrado Venture Partners

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NEW DELHI: Travel accessories company, Acefour Accessories, founded by one of the pioneers of the luggage industry, Sudip Ghose, has raised $7 million in the pre-revenue phase. Pre-Series A round was led by Nikhil Vora led Sixth Sense Ventures through its current fund Sixth Sense India Opportunities III, also saw participation from existing investor, Volrado Venture Partners (sponsored by Akash Bhanshali, Enam Holdings).
The company will deploy the investment towards working capital, brand and product building.
“We are glad to have Sixth Sense on board in our journey towards a sustainable travel accessories segment. The fact that Nikhil is known for choosing winners boosts our confidence. It reiterates that we are on the right path where we want to make travel a sustainable experience with products that save nature,” said Ghose.
Acefour plans to disrupt India’s $3.5B luggage market which is highly fragmented, wherein the largest player holds 7% share. The D2C company, through its new-age brand, Uppercase is targeting to establish itself as a fresh, contemporary, sustainable brand that is high on both fashion as well as function.