{"id":847021,"date":"2024-08-22T11:30:25","date_gmt":"2024-08-22T06:00:25","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=847021"},"modified":"2024-08-22T11:42:02","modified_gmt":"2024-08-22T06:12:02","slug":"accel-invests-9-million-in-luggage-brand-uppercase-valuation-doubles-to-60-million-2","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/08\/22\/accel-invests-9-million-in-luggage-brand-uppercase-valuation-doubles-to-60-million-2\/","title":{"rendered":"Accel invests $9 million in luggage brand Uppercase; valuation doubles to $60 million"},"content":{"rendered":"<p>Venture capital firm Accel has invested $9 million in Uppercase, nearly doubling the new-age luggage maker\u2019s valuation after the investment to $60 million.<\/p>\n<p>The investment is earmarked for fuelling the brand\u2019s 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.<\/p>\n<p>ET had reported on May 31 about Accel, an early investor in Flipkart, having discussions to invest in Uppercase, underscoring investor interest in new-age consumer retail brands.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Venture capital firm Accel has invested $9 million in Uppercase, nearly doubling the new-age luggage maker\u2019s valuation after the investment to $60 million. The investment is earmarked for fuelling the brand\u2019s 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. ET had reported on May 31 about Accel, an early investor in Flipkart, having discussions to invest in Uppercase, underscoring investor interest in new-age consumer retail brands.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59,4,10],"tags":[],"class_list":["post-847021","post","type-post","status-publish","format-standard","hentry","category-it-2-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/847021","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=847021"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/847021\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=847021"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=847021"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=847021"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}