Latest news with #SuhasiniSampath
Fashion Network
4 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
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.
