D2C footwear brand Neeman’s has raised $4 million (around INR 35 crore) in its Series B2 funding round, led by SNAM Group through its investment arm, SNAM Solutions.
SNAM Group contributed ₹16 crore, while existing investors—Anicut Capital, ENAM Investments, and Sharrp Ventures—also joined the round.
Neeman’s plans to use the funds to open more stores, expand online sales, and improve its supply chain as the brand grows.
Commenting on this fundraise, Neeman’s founders, Amar and Taran shared, “We’re excited to welcome SNAM Solutions and appreciate our current investors as Neeman’s enters its next phase of growth. This round is a strong validation of the brand we’ve built over the years — one that is rooted in comfort, sustainability, and solving real problems for everyday consumers. The capital will help us meaningfully expand our retail footprint, strengthen our product and supply capabilities, and scale the business in a disciplined and profitable manner.”
SNAM Group Director, Srikanth Sivaraman, added, “SNAM is proud to be associated as an investor with an Indian homegrown footwear brand, Neeman’s, in their pursuit of being a leader in the market of footwear.”
Muralidhar Dhuddu of SNAM Group also added, “Neeman’s is in a sweet spot catering to the rising middle class in India looking for premium footwear at affordable prices. What also impressed us is the balance being struck with an omni- channel approach and pushing for profitability in both their online and offline businesses.”
Neeman, founded in 2017 by Taranjeet Singh Chhabra and Amar Preet Singh, sells footwear through its own website, e-commerce and quick-commerce platforms, and offline stores, focusing on everyday comfort and sustainability.
The company is expected to make around ₹180 crore in revenue in FY 2025-26 and aims to reach ₹500 crore within the next two years.
So far, Neeman has raised $9.8 million from investors including Sixth Sense Ventures, Anicut Capital, and Stride Ventures.
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