House of Masaba raises USD 1 million

Mumbai: Mumbai-based fashion label House of Masaba raised USD 1 million in a funding round led by Flipkart cofounder Binny Bansal.

Purple Style Labs, Apoorva Patni of Patni Group and Apurva Salarpuria of Salarpuria group also invested in the round.

The fresh funds will be used to scale infrastructure, distribution network and hiring of personnel to grow the business.