Asian Footwears raises Rs.225-Cr from MOPE

Motilal Oswal Private Equity (MOPE) has invested INR 225 crore in Delhi-based Asian Footwears for a significant minority stake. The company, which sells sports shoes, casual shoes, school shoes and open footwear, will use the funds to strengthen its brand, distribution, supply chain infrastructure and to hire talent. Asian Footwears sells 500 styles of shoes in a price range between INR 500 and INR 1,500 at over 10,000 retail outlets. It also has over 200 distributors.