Accel invests $9 million in luggage brand Uppercase; valuation doubles to $60 million

Venture capital firm Accel has invested $9 million in Uppercase, nearly doubling the new-age luggage maker’s valuation after the investment to $60 million.

The investment is earmarked for fuelling the brand’s expansion through new retail stores domestically as well as in Europe and the Middle East by next year, cofounder and managing director Sudip Ghose told ET.