The Bear House (TBH), a Bengaluru-based menswear brand, raised 50 crore rupees (US$5.8 million) in a series A round led by JM Financial Private Equity.

The funds will support offline store expansion, working capital, and branding efforts.

The company reported significant growth in FY24, with net profit rising to 11.2 crore (US$1.3 million) from 1.2 crore rupees (US$140,174) in FY23.

Operating revenue increased 79.5% to 96.2 crore rupees (US$11.2 million), and EBITDA reached 11.4 crore rupees (US$1.3 million), up from 2.5 crore rupees (US$292,038), improving the EBITDA margin to 12% from 5%.