Sneaker brand Gully Labs raises Rs 8.7 crore in a seed funding round

| Posted on |

Here’s a summarized list based on the provided information about Gully Labs:

Startup Information

  • Startup Name: Gully Labs
  • Founders: Arjun Singh, Animesh Mishra
  • Founded Year: 2023
  • Location: New Delhi, India
  • Focus: Sneaker startup blending Indian design traditions with modern craftsmanship

Fundraising Details

  • Total Fundraise Amount: Rs 8.7 crore
    • Equity: Rs 7.6 crore
    • Venture Debt: Rs 1.1 crore
  • Series: Seed Round
  • Date of Fundraising: 2023

Investors

  • Lead Investor: Zeropearl VC
  • Other Notable Investors:
    • Vivekananda Hallekere (Bounce)
    • Suhasini Sampath (Yogabar)
    • Nishchay AG (Jar)
    • Ashutosh Valani (Renee Cosmetics)
  • Micro-VCs Participating:
    • Untitled Ventures
    • Atrium Ventures
  • Debt Investment Led By: Stride Ventures

Previous Fundraising

  • Pre-Seed Round Amount: Rs 1.1 crore

Strategic Goals

  • Expand product portfolio
  • Scale distribution footprint
  • Open exclusive retail stores
  • Deepen presence in metro markets in India

This captures the key details of Gully Labs and its fundraising activities.

Source link

2025-06-03 11:05:29