Singapore-based investment firm Venturi Partners has invested US$25 million in JQR (Just Quick Run), an Indian mid-segment sports and lifestyle footwear brand. Through this investment, Venturi Partners has acquired an undisclosed minority stake in JQR.
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The funds would enable JQR to expand its offline presence in new markets, launch an online platform, and improve its product offerings to fulfill India’s growing need for low-cost, high-quality sneakers.
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“The partnership with Venturi Partners marks an exciting milestone in JQR’s journey. The investment will not only allow us to accelerate our growth and deliver value to our consumers, but, with their support and expertise, we are also confident that JQR will emerge as the leading brand in its category and deliver strong value to all stakeholders,” said a joint statement by JQR promoter brothers Rinku, Sunil, and Manish Garg.
“The footwear industry is seeing strong support from government policies, and we believe there is a significant gap in the price segment that JQR operates in. India’s consumer market continues to have a dearth of high-quality, affordable brands, and our mission at Venturi is to identify and scale such businesses across categories,” said Rishika Chandan, Managing Director of Venturi Partners.
“JQR has impressed us with its product quality, design aesthetic, in-house manufacturing, and well-established distribution network. We look forward to working closely with the founders to accelerate their growth trajectory,” she added.
About JQR (Just Quick Run)
Founded in 2014, JQR Sports Shoes has established itself as a symbol of high-quality footwear in India. It is committed to providing every Indian with footwear that changes comfort, style, and durability. JQR’s continuous devotion to innovation has propelled us to the forefront of the footwear business throughout time. It has a strong online presence on e-commerce websites and also sells shoes in the offline market.
