DSG Consumer Partners Provide Funding for D2C Luggage Brand ICON Bags

The business stated that the cash will be used to add to the product line, expand the workforce, and strengthen its distribution network.

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DSG Consumer Partners Provide Funding for D2C Luggage Brand ICON Bags

The business stated that the cash will be used to add to the product line, expand the workforce, and strengthen its distribution network.

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ICON, an internet-first company catering to the mass premium category, was founded in 2023 by Mohammad Patel, Poojan Shah, Fazal Lakhani, and Aakash Mehta.

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Aside from ICON, luggage brands such as Safari and Mokobara have won huge rounds in recent months during the post-pandemic growth in the travel industry.

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The business stated that the funds will be used to expand the product portfolio, grow its personnel, and develop its distribution network.

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ICON, like many of its competitors, intends to benefit from the post-pandemic boom in the travel and tourist sectors.

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Investors have shown a lot of interest in both groups. Among ICON’s competitors, Safari just raised $27 million from Lighthouse Canton.

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