Latest news with #GullyLabs'
Entrepreneur
5 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.
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
