Black White Orange Brands Pvt. Ltd, a Mumbai-based brand licensing start-up ends have raised a fresh round of funding of over Rs 20 million from Collaborative Licensing Ventures LLP, an initiative by Rohit Sobti and Kamlesh Bhanushali. The first round of funding that came in a week ago was from cricketer Yuvraj Singh’s YouWeCan Ventures.
Bhavik Vora, Founder and CEO, Black White Orange, said, “We are extremely excited! Just like Yuvraj Singh, Rohit and his team at Collaborative Licensing are partners who believe in our passion & share our vision. We are constantly looking at collaborating with like-minded people who can not only add tremendous value to our business but can also come on board as strategic partners in growing this business & industry.”
Sobti, said, “Bhavik is one of the founders of the licensing business in India and has the expertise, passion, vision, is a team player and has detailed understanding of this industry. Licensing business in India is going to double in the next 3 years with disproportionate rise in e-commerce and consumer awareness. At Collaborative Licensing (CLV), our objective is to bring new age stakeholders of this industry together, create infrastructure, synergy and help them grow this segment in India.”