Solethreads Raises Rs 13 Crore in Series A Funding Round

Gurugram: Gurugram-based Solethreads, a youth-centric footwear brand, has raised Rs 13 crore in its Series A round of funding led by DSG Consumer Partners and Saama Capital.

Mumbai-based investment bank Moxie Capital acted as the exclusive advisor to Solethreads on the transaction.

The footwear company was launched in November 2019 by Sumant Kakaria and Gaurav Chopra, who has experience in the footwear and retail industry.

Solethreads sells through its own website and e-commerce platforms including Amazon, Myntra, Flipkart, and Ajio. It is also in the process of bolstering its offline presence and has recently partnered with premium footwear retailer Metro Shoes.