Latest news with #GullyLabs
Fashion Network
3 days ago
- Business
- Fashion Network
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.
Entrepreneur
4 days ago
- Business
- Entrepreneur
Sneaker brand Gully Labs Bags INR 8.7 Cr Funding to Fuel Expansion
The freshly raised capital will be used to diversify Gully Labs' product mix, scale up its sales channels, and establish physical retail stores. The company also plans to expand production capacity and grow its footprint across India and globally. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Gully Labs, a New Delhi-based sneaker brand, has raised INR 8.7 crore in seed funding — 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 marquee founders and angel investors such as Vivekananda Hallekere (Bounce), Suhasini Sampath (Yogabar), Nishchay AG (Jar), Ashutosh Valani (Renee Cosmetics), and more. Stride Ventures led the debt investment. The freshly raised capital will be used to diversify Gully Labs' product mix, scale up its sales channels, and establish physical retail stores. The company also plans to expand production capacity and grow its footprint across India and globally. Founded in 2023 by Arjun Singh and Animesh Mishra — engineers-turned-entrepreneurs — Gully Labs was built on a mission to reimagine premium sneakers through the lens of Indian culture. Its offerings blend heritage with high-fashion: think Phulkari-embroidered trainers, Onam-inspired silhouettes, and sneakers rooted in regional craft traditions. Currently available through its website and select retail partners, Gully Labs now plans to go omnichannel with exclusive branded outlets. "This round is a big step forward for us," said co-founders Singh and Mishra. "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 and Managing Partner at Zeropearl VC, commented, "Gully Labs is exactly the kind of brand our Indiluxe thesis champions — proudly Indian, product-obsessed, and globally aspirational. We're excited to help them take Indian craftsmanship to the world." As Gully Labs enters its next phase, it aims to make Indian design a global trend — one sneaker at a time.
Time of India
4 days ago
- Business
- Time of India
Gully Labs raises Rs 8.7 crore in seed funding led by Zeropearl VC
Gully Labs , India's homegrown sneaker brand known for blending cultural storytelling with premium craftsmanship, has raised Rs 8.7 crore in its seed round — comprising Rs 7.6 crore in equity and Rs 1.1 crore in venture debt. The company had earlier secured Rs 1.1 crore in equity during its pre-seed round in 2024. The fresh capital will be deployed towards diversifying the product mix, expanding sales channels, and opening physical retail stores. The equity round was led by Zeropearl VC , with participation from a strong cohort of marquee founders and angels including 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 such as Untitled Ventures and Atrium Ventures also participated in the round. Stride Ventures, led the debt investment. Founded in 2023 by engineers-turned-founders Arjun Singh and Animesh Mishra, Gully Labs was born out of a desire to see Indian culture reflected in globally competitive products. From sneakers inspired by Phulkari embroidery to silhouettes referencing regional traditions and festivals, Gully Labs creates handcrafted, design-forward footwear that celebrates Indian identity with modern flair. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Trading CFD dengan Teknologi dan Kecepatan Lebih Baik IC Markets Mendaftar Undo Arjun Singh & Animesh Mishra, Co-founders, Gully Labs, said in a statement, 'This round is a big step forward for us. We have always believed that Indian stories deserve a global stage not just in art and cinema, but in products people use and wear every day. With this backing, we are excited to scale our vision, grow our team, expand into physical retail, and bring even more culturally rooted, design-led sneakers to people across India and beyond. Above all, having the trust of such seasoned founders and investors gives us both confidence and responsibility as we build the next chapter of Gully Labs.' Bipin Shah, Founder & Managing Partner, Zeropearl VC, stated, 'At Zeropearl VC, we focus on backing brands that are authentically rooted in India, with strong design and product moats. Our Indiluxe thesis believes India's affluent consumers should embrace premium homegrown brands over foreign ones. Gully Labs embodies this spirit — taking India's rich cultural story to the world through sneakers that are 100% made in India. We're proud to support their journey toward becoming a global ambassador of Indian craftsmanship.' Live Events
Fashion Network
21-05-2025
- Business
- Fashion Network
Gully Labs eyes tenfold revenue growth by FY28
Home › News › Retail Download Print Sneaker brand Gully Labs has projected a tenfold increase in its revenue by the 2028 financial year. Expecting to reach a revenue total of Rs 15 crore in the 2026 financial year, the now cash flow positive brand is targeting Rs 100 crore in revenue in two fiscal years' time. Gully Labs specialises in mixing sneaker culture with Indian design sensibilities - Gully Labs- Facebook "We've grown from selling 10 to 15 sneakers a month to close to 1,500 sneakers a month," Gully Labs' co-founder Arjun Singh told ET Retail. "And now, we are eyeing a tenfold jump in our revenue by FY28." Gully Labs currently retails from two multi-brand outlets in Mumbai along with its direct to customer e-commerce store. This year, the brand plans to expand its offline retail presence and launch in multi-brand outlets in cities including New Delhi, Kolkata, and Hyderabad with an exclusive brand outlet slated to open in Mumbai, the Economic Times reported. "To expand our presence further, we plan to get sharper in marketing and become good at selling as till now, we were a product manufacturing, design-led brand," said Singh. "At present, we offer 25 SKUs and plan to double them by the end of this fiscal year." Gully Labs is increasing its manufacturing capacity to cater to increasing demand for its sneakers. The business has invested Rs 30 lakh to launch a vertically integrated production facility in Noida which has a manufacturing capacity of 10,000 sneakers each month. Copyright © 2025 All rights reserved. Tags : Fashion Footwear Retail Business
Business Mayor
20-05-2025
- Business
- Business Mayor
How new age sneaker label Gully Labs is eying to become a Rs 100 cr brand
Gully Labs, a sneaker label which has recently teamed up with motorcycle brand Royal Enfield to launch an exclusive sneaker collection, is planning to become a Rs 100 crore brand by FY28, Arjun Singh, co-founder of Gully Labs told ETRetail. The brand, which started its operations 2 years back, is eyeing to close this fiscal with Rs 15 crore in revenue. 'We've grown from selling 10-15 sneakers a month to close to 1,500 sneakers a month. And now, we are eyeing a 10x jump in our revenue by FY28,' he said. 'To expand our presence further, we plan to get sharper in marketing and become good at selling as till now, we were a product manufacturing, design-led brand,' he further added. The brand, which has a presence through its website and at 2 MBOs in Mumbai, is planning to expand its presence on key marketplaces along with expanding its offline presence. 'This fiscal year, we will be expanding our presence in MBOs in Hyderabad, Kolkata, and Delhi. We are also planning to open our EBO in Mumbai spanning across 1,500 – 2,000 he asserted. Recently, the brand has invested Rs 30 lakh to open a vertically integrated manufacturing unit in Noida spanning across 10,000 with a manufacturing capacity of 10,000 sneakers a month. 'At present, we offer 25 SKUs and plan to double them by the end of this fiscal year,' he stated. The brand, which is cash flow positive, gets 20 per cent of its revenue from the international markets. Read More Vaultskin Wallets: As Secure As They Are Sophisticated 'We sell to customers in the US, UK, UAE, Singapore, Australia, and Canada,' he said. It plans to deepen its presence further in the US market.
