Debt financing
Footwear brand Solethreads raises Rs.2.5 Cr from Alteria Capital
Flip-flops brand Solethreads has raised INR 2.5 crore in venture debt funding from Alteria Capital. The startup will use the funds to strengthen research and development and expand its product portfolio. Earlier this year, the start-up raised INR 13 crore in Series-A round funding from DSG Consumer Partners and Saama Capital. The digital-first brand is available through its D2C website and on leading e-commerce platforms besides in offline retail stores.
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