India's 1st online organic cotton menswear firm raises angel funding
India's 1st online organic cotton menswear firm raises angel funding

Northmist Pvt Ltd, India’s first organic cotton menswear eco-friendly brand, has raised Rs 1 crore in angel funding from a bunch of angel investors. The funds will be utilized by the company for hiring, brand-building and expanding its product line.

Arijit Mazumdar, Co-Founder and Chief Executive, Northmist, said, “The funds were raised from Birju Gala, Chief Executive of Zibo Paper Tech; Somendra Biswal, Head of Corporate Affairs at Shahi Export; and two other individuals working with US companies.”

Launched by Mazumdar and Smrity Gupta in 2018, Norhtmist makes and sells men's T-shirts online. The company is involved in the entire process, from sourcing organic cotton seeds to ensuring they are grown in good conditions to packaging the finished product in recyclable paper.

The firm is exploring options for different sustainable fabrics such as banana fabric, bamboo fabric and recycled fabric.

In October 2018, Northmist had raised an undisclosed amount from Lucknow-based angel investor Prashant Jaiswal.

 
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