Sneaker brand Gully Labs has raised INR 8.7 crore in seed funding. This includes INR 7.6 crore in equity and INR 1.1 crore as venture debt.
The equity funding was led by Zeropearl VC, with support from Untitled Ventures, Atrium Ventures, and well-known angel investors like Bounce CEO Vivekananda Hallekere, Suhasini Sampath, Nishchay AG, Renee Cosmetics founder Ashutosh Valani, Anurag Ramadasan, and Rahul Seth. Stride Ventures led the debt part of the funding.
Before this, the company had raised INR 1.1 crore in equity during its pre-seed funding round in 2024.
Gully Labs said in a press release that the new funds will be used to add more products, grow its sales channels, and open physical retail stores.
“This round is a big step forward for us,” said the co-founders. “We’ve always believed that Indian stories deserve to be worn, not just watched or read. With this support, we’re excited to scale production, open retail stores, and expand our culturally rooted sneaker lines across India and global markets.”
Gully Labs was started in 2023 by Arjun Singh and Animesh Mishra. The brand makes handmade sneakers.
They use high-quality materials and create designs inspired by Indian culture, such as Phulkari embroidery and styles based on the Onam festival.
Gully Labs sells its sneakers on its website and through a few partner stores in major Indian cities.
The company plans to build a bigger factory, create more sneaker styles, and expand its reach in India and around the world. It also wants to open its retail stores as part of its plan to sell through both online and offline channels.
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