Gully Labs raises Rs 8.7 Cr in a seed round led by Zeropearl VC to expand its product offering and retail presence.
Gully Labs raises Rs 8.7 Cr in a seed round led by Zeropearl VC to expand its product offering and retail presence.
06/03/25, 8:54 AM
Location
new delhiMoney raised
₹8.7 million
Industry
retail
fashion
Round Type
seed
Investors
Stride Ventures, Rahul Seth, Anurag Ramadasan, Renee Cosmetics Founder Ashutosh Valani, Nishchay Ag, Suhasini Sampath, Bounce Co Founder & Ceo Vivekananda Hallekere, Atrium Ventures, Untitled Ventures, Zeropearl Vc
Gully Labs has raised Rs 8.7 crore in a seed funding round, which includes Rs 7.6 crore in equity and Rs 1.1 crore in venture debt. The equity round was led by Zeropearl VC with additional participation from various angel investors. The new funds will help diversify the product mix and expand sales channels, including opening physical retail stores. Co-founded in 2023, Gully Labs focuses on handmade sneakers with rich cultural stories.
Company Info
Location
new delhi, delhi, india
Additional Info
Gully Labs is a sneaker brand that crafts handmade sneakers, blending premium materials with culturally rich design stories, such as Phulkari-embroidered trainers and Onam-inspired silhouettes. Co-founded in 2023 by Arjun Singh and Animesh Mishra, the company aims to diversify its product mix, expand sales channels, and open physical retail stores. Gully Labs sells its products through its website and in select partner stores across Indian metros. The company is focused on building a larger production facility and increasing its presence in India and global markets.