Mr Button, owned by Khetan Apparel Pvt Ltd, was founded by Deepak Khetan and Akshat Singh.
The company sells products across various categories such as blazers, trousers, shirts, t-shirts and joggers.
Commenting on the investment Sandeep Daga, one of the lead investors said: "We believe Mr Button is very well poised to grow in size and stature in years to come."
Having being present online, Mr Button opened its first Guideshop in Gurgaon in August.