VC Fund Investments
D2C sneaker brand Comet raises $5-M led by Elevation Capital
Bengaluru-based D2C sneaker brand Comet has raised INR 42.3 crore (USD 5 million) in its Series A funding led by Elevation Capital, with participation from existing investor Nexus Venture Partners and others. Elevation Capital led the round with INR 33.36 crore while Nexus Ventures and AngelList India participated with INR 8.34 crore and INR 60 lakh respectively.Elevation Capital and Nexus Ventures will hold 20% each while AngelList India will command 2.22% stake in the company. The funding will be mainly used for capital expenditures and marketing.Founded in 2023 by Dishant Daryani and Utkarsh Gupta, Comet sells sneakers meant for both men and women. Its current portfolio includes CometX, Aeon, and Slides.
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