Gully Labs raises Rs 8.7 crore in seed funding round
Gully Labs, a New Delhi-based sneaker brand has raised Rs 8.7 crore ($1 million) in seed funding round comprising of Rs 7.6 crore in equity and Rs 1.1 crore in venture debt.
The funding round was led by Zeropearl VC, with participation from Stride Ventures and angel investors such as Vivekananda Hallekere, Suhasini Sampath, Nishchay AG, Ashutosh Valani among others.
Gully Labs will use the funding to diversify its product mix, boost production, scale up its sales channels, and establish physical retail stores.
Commenting on the funding, Arjun Singh and Animesh Mishra, founders of Gully Labs in a statement said, 'This round is a big step forward for us. We believe Indian stories deserve a global stage — not just in film and art, but in what people wear every day. With this support, we'll bring more culturally rooted, design-led sneakers to India and beyond.'
Bipin Shah, founder at Zeropearl VC added, 'Gully Labs is exactly the kind of brand our Indi luxe thesis champions — proudly Indian, product-obsessed, and globally aspirational. We're excited to help them take Indian craftsmanship to the world.'
Founded in 2023, Gully Labs currently retails through its website and select retail partners. With this investment, the brand Gully plans to go omnichannel with exclusive branded outlets.
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