Contemporary innerwear and shapewear brand Pinq Polka has raised Rs 4 crore in a pre-Series A funding round led by Inflection Point Ventures (IPV), a Gurugram-based angel investment platform.
The startup will use the raised capital to scale marketing for shapewear category, strengthen its team, and support working capital requirements.
Founded in 2017 by Manveen Ssharma, Pinq Polka, which appeared on Shark Tank India Season 4, claims that it has rapidly scaled its presence in the lifestyle and personal wear segment.
Over the past three years, the startup has recorded nearly 19X growth, with revenue increasing from Rs 1.22 crore to Rs 20 crore.
'The innerwear and shapewear market in India is evolving rapidly as consumers increasingly prioritise everyday comfort, fit, and self-expression. Pinq Polka has built a differentiated brand by focusing on real consumer needs and creating products that resonate with modern women. Their strong growth trajectory and brand recall position them well to scale in the fast-growing lifestyle and shapewear segment,' said Vinay Bansal, Founder CEO, Inflection Point Ventures.
Manveen Ssharma, Founder, Pinq Polka, said, 'From day one, PINQ POLKA has focused on solving real, often overlooked challenges in women's innerwear through thoughtful design and research. With Inflection Point Ventures coming on board, we're accelerating our vision to build India's most trusted comfort-first innerwear and shapewear brand—one that not only innovates consistently, but also leads the category in how women experience everyday essentials.'