VC Fund Investments

D2C footwear brand CHK raises $2.5 M from Accel, Bluestone, others

Economic Times  

Bengaluru-based direct-to-consumer (D2C) footwear startup CHK has raised USD 2.5 million from investment firm Accel India, jewellery retailer Bluestone, and some individual angel investors.Founded in October 2024 by DealShare co-founder Sankar B ora, Deepan Babu, Bharat Mahajan, and Deepak Patil, CHK is targeting an average price point of around INR 4,500. The company plans to deploy the fresh capital to accelerate production and strengthen its research and development (R&D) efforts ahead of its public launch in April.In November 2024, Bluestone had invested around INR 12 crore (approximately USD 1.3 million) in the company.CHK has a manufacturing facility in Tamil Nadu and plans to launch sales through its own website before expanding into offline retail channels.

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