Mode Retails Sales and Marketing Pvt. Ltd., known for its flagship brand Prabhu Shriram Incense, has announced plans to raise $10 million in its Series A funding round, as detailed in a press release issued on Wednesday.
The funding aims to expand production capacity, diversify the product line, and strengthen retail presence through its retail concept Ramalaya.
Prashant Kumar, the managing director of Mode Retails, emphasized the strategic importance of this funding initiative. He stated that the Series A funding is intended to elevate Prabhu Shriram Incense to new heights by offering divine fragrances that inspire happiness, peace, and prosperity. The investment will support scaling up operations and expanding reach to a broader audience, enriching their lives with the essence of Mode Retails’ products.
Established in 2019, Mode Retails specializes in incense-based products under the brand Prabhu Shriram Incense, with a significant presence across India and ambitious plans for international expansion.
