PE-VC Fund Investments
Sneaker brand Gully Labs raises Rs 8.7 Cr in seed round led by Zeropearl VC
Noida-based Gully Labs has raised INR 8.7 crore in its seed round - comprising INR 7.6 crore in equity and INR 1.1 crore in venture debt. The equity round was led by Zeropearl VC, with participation from Vivekananda Hallekere (co-founder & CEO, Bounce), Suhasini Sampath (co-founder, Yogabar), Nishchay AG (CEO, Jar), Ashutosh Valani (founder, Renee Cosmetics), Anurag Ramadasan and Rahul Seth. Micro-funds Untitled Ventures and Atrium Ventures also participated in the round. Stride Ventures led the debt investment.The funds will be used to diversify the product mix, expand sales, and open physical retail stores.Founded in 2023 by Arjun Singh and Animesh Mishra, Gully Labs sells hand-crafted footwear.
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