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Freakins

Fashionable Denim Apparel

Deal

The pitch

Season / Episode: S2 E33
Aired: 15 Feb 2023
Industry: Beauty/Fashion
From: Mumbai, Maharashtra
Founded: 2021
Asked for: ₹70 L for 1%
Valuation asked: ₹70 Cr

The outcome

Deal: ₹50 L for 2.5%
Deal valuation: ₹20 Cr
Debt: ₹20 L
Yearly revenue: —
Gross margin: 63%

Who invested

Vineeta₹50 L for 2.5% + ₹20 L debt

Founders

Puneet Sehgal — Co-founder source
Shaan Shah — Co-founder source

Researched from public sources · checked 20 Aug 2026

What happened next

Investors back Freakins with $4m funding to optimise supply chain
Freakins (Since 99 Apparels) raised $4 million co-led by Matrix Partners India and Blume Ventures to expand its denim supply chain and enter new geographies.
Just Style · 10 Jul 2023

News is researched from public sources, is not exhaustive, and carries the date it was published — not a live status.

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