Solethreads secured $3.7 M Series A funding from new and existing investors
Solethreads, a casual footwear company based in Gurugram, raised $3.7 million from new and existing investors for its Series A round. Along with previous investors DSG Consumer Partners and Saama Capital, as well as angel investors Nihir and Dhaval Nalin Parikh, Fireside Ventures served as the round’s lead new investor.
Approximately $3.5 million has already been raised for the startup by DSG Consumer Partners and Saama Capital.
The company intends to improve its R&D facility and design innovation lab with additional funding in order to strengthen its launch pipeline and look into new categories for casual footwear.
Co-founded in 2020 by Gaurav Chopra, Sumant Kakaria, Aprajit Kathuria, and Vikram Iyer, Solethreads offers premium quality, affordable sneakers, flip-flops, and slides that are both fashionable and comfortable.
The brand currently claims to have a strong omni-channel presence in more than 600 MBOs through distributors, in large retail formats like Shoppers Stop, Reliance Retail, and Metro Shoes, in 30 cities throughout the country, as well as on e-commerce sites like Myntra, AJIO, Flipkart, Amazon, and its own website.
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