Quick-fashion startup Knot ties up $5 million funding from 12 Flags, others

Mumbai-based quick-fashion delivery startup Knot has raised $5 million in funding, in a round led by 12 Flags, with participation from existing investors Kae Capital and Boundless Ventures.

The company aims to use the funds to expand its services in Mumbai and other cities, add new micro-warehouses and strengthen its last-mile operations for high volume orders.

Founded in 2025 by IIT Bombay graduates Archit Nanda and Rachit Bansal, Knot offers 60-minute delivery with doorstep trials. In August, ET reported that the company had raised $3 million in a…