The Bear House, a Men's clothing Brand Secured a Rs. 3 Crore Deal on Shark Tank from Namita Thapar

In the recent episode of Shark Tank, The Bear House a brand based in Bengaluru which focuses on Men's Clothing stole the spotlight. This menswear brand, known for its minimalistic, and smart casuals, received high praise from all the investors. Shark Tank India, aired on Sony LIV on March 13th, the co-founders of The Bear House, a contemporary men’s apparel and accessories brand specialising in smart casuals Tanvi and Harsh Somaiya, have secured a Rs. 3 crore investment from Shark Namita Thapar. 

Shark Kunal Bahl also expressed interest and offered to invest Rs. 3 crore for a 3% equity stake at a Rs. 100 crore valuation however Harsh and Tanvi Somaiya felt Namita Thapar's offer aligned better with their vision and decided to move forward with her. The investment deal from Shark Namita includes Rs. 1 crore for a 1% equity stake and Rs. 2 crore as debt.

“Being on Shark Tank and earning the trust and support of the judges is a pivotal moment for The Bear House team! Having them experience our garments and believe in our business model through this investment validates our vision—giving Indian men the freedom to express their unique selves through our clothes, no matter where they go or what they do. This experience has solidified our reputation as a powerhouse in the menswear segment,” said Tanvi Somaiya, Co-founder of The Bear House.

Having already established an offline presence in Delhi, Bengaluru, and Hyderabad this year, the brand aims to expand into other Tier I, Tier II cities, including Mumbai, Pune, and Chennai. In addition to its strong presence on Myntra where it holds the top spot in the casual shirts category. The brand is also available on Flipkart, Ajio, Tata Cliq, Nykaa, and Amazon. It is further expanding its reach through collaborations with hyperlocal quick-commerce platforms like Zepto.