Turmeric Capital’s investment in sustainable fashion company TGM sees phenomenal traction

Turmeric Capital’s investment in sustainable fashion company TGM sees phenomenal traction

Earlier this year, Turmeric Capital, an investment company that operates in the GCC and Singapore, invested in ‘The Giving Movement’ from its Growth Fund. The Giving Movement is the first sustainable apparel brand in the GCC to be made from 100% recyclable and biodegradable materials and designed and manufactured entirely in the region. Turmeric Capital Growth Fund which focusses on investments in the GCC, India and Southeast Asia, was the largest investor in the Series A round, which also saw participation from India’s leading DTC platform Mensa Brands and Knuru Capital, as well as a number of other leading strategic investors. The Giving Movement is already a popular brand across the GCC region, with the Kingdom of Saudi Arabia representing the largest market with more than 50 percent of revenues. Following its phenomenal organic growth, the Direct to Consumer (D2C) company has recently opened its first flagship retail outlet at the Mall of the Emirates in Dubai. Dominic Nowell-Barnes, Founder of The Giving Movement, said, “Our collaboration with a world-class partner like Turmeric Capital has enhanced our collective prospects. The transaction with Turmeric Capital – given its track record in consumer and retail investments - has already helped us accelerate