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Indian activewear firm raises $945k pre-series A
Terractive, an activewear company in Mumbai, has raised 8 crore rupees (around US$945,000) during a pre-series A funding round.
The investment was led by Fireside Ventures and DeVC (Matrix Partners).
Funds from the round are earmarked for enhancing fabric innovation and accelerating product development.
Terractive was founded in 2023 by sisters Raena Ambani and Rahee Ambani-Choksi.
Their products feature attributes such as anti-odor properties and cooling effects.
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