Funding Fuels Ambitious Retail Expansion
Travel products company Escape Plan has announced the closure of a $25 million Series A funding round. The investment was led by existing investor Jungle Ventures, with continued support from Fireside Ventures. A significant addition to its investor base is IndiGo Ventures, the corporate venture capital arm of IndiGo Airlines, which joins as a strategic investor.
This fresh capital is designated to drive substantial growth initiatives. Key priorities include accelerating the expansion of Escape Plan’s offline retail footprint, which currently comprises over 25 stores, with ambitions to reach more than 200 locations. The funds will also be utilized to strengthen its supply chain and pricing strategies, aiming to make travel gear more accessible. Furthermore, the company plans to widen its reach beyond the top segments of the Indian market, targeting approximately 90% of the country’s travel gear market.
Strategic Vision and Market Positioning
The involvement of IndiGo Ventures as a strategic investor highlights potential synergies between the travel and travel gear sectors. IndiGo Ventures typically invests in early-stage startups aligned with aviation and allied sectors, including consumer-facing travel platforms. Escape Plan positions itself not merely as a luggage provider but as a comprehensive travel products platform, aspiring to cover all travel needs across various price points and geographies, drawing parallels with successful platform models like Decathlon for sports apparel or Lenskart for eyewear.
Operational Growth and Market Context
Escape Plan is currently operating at an annualized revenue run rate exceeding Rs 300 crore. The company’s strategy involves expanding its product categories beyond luggage to include a wider range of travel accessories. The Indian travel accessories market is a significant and growing sector, with estimates placing its value in the billions of dollars and projecting continued expansion driven by increased disposable incomes and travel frequency. The company also aims to enhance its technological capabilities to improve efficiency and consistency across its sales channels.
Prior to this Series A round, Escape Plan had raised $5 million in a seed funding round led by Jungle Ventures in July of the previous year. The company, co-founded by Abhinav Pathak and Abhinav Zutshi, was established in 2025 and aims to build a robust omni-channel presence, integrating its online and offline operations.
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