Private Equity

PE-VC Fund Investments

D2C footwear brand Neeman's raises $4-M led by SNAM Group

Inc42   Neeman's  

Hyderabad-based D2C footwear brand Neeman's has raised USD 4 Million in its Series B2 round led by SNAM Group (through its investment arm SNAM Solutions investing INR 16 crore), with participation from existing investors Anicut Capital, ENAM Investments and Sharrp Ventures.Founded in 2017 by Taranjeet Singh Chhabra and Amar Preet Singh, Neeman's is a footwear startup that produces shoes made from Merino Wool, suitable for the Indian subcontinent .The fresh funds will be utilized to expand its offline presence by adding more stores, strengthen its online operations and enhance supply chain efficiency.

Between Jul-21 and Dec-25, Neemans had attracted about USD 16 M from Sixth Sense Ventures, Stride Ventures, Anicut Capital, Dominor Investment, Sixth Sense Ventures, Others.For FY24, Neeman had reported about INR 76.94Cr in Operating Income and about INR 29.23Cr in Net Loss.