Sneaker brand Gully Labs has raised Rs. 26.5 crore (approximately US $ 3 million) in its Series A funding round, led by venture capital firm Saama Capital, with participation from existing seed investor Zeropearl and a group of individual backers. Saama Capital led the round with an investment of Rs. 22.6 crore (US $ 2.49 million), while Zeropearl contributed Rs 3.5 crore (US $ 385,000).
The round also saw participation from Teppan, which invested Rs. 20 lakh (US $ 22,000), along with individual investors including Unacademy co-founder Roman Saini, Edelweiss Mutual Fund managing director and chief executive Radhika Gupta, and angel investor Aditya Bhalla, each contributing smaller amounts.
The company said the fresh capital would be used to support business expansion and for general corporate purposes. Following the fundraise, Saama Capital VI LP has emerged as the largest shareholder with a 15.40% stake, while Zeropearl Fund holds 10.21%.
Prior to the Series A round, the company had raised approximately US $ 1 million in seed funding in June last year.
Founded in 2023 by Arjun Singh and Animesh Mishra, Gully Labs operates a direct-to-consumer footwear brand focused on sneakers inspired by Indian street culture. The company designs and manufactures its products in-house and sells primarily through its own online platform.
Gully Labs has yet to file its financial results for FY ’25. It operates in a competitive segment alongside brands such as Comet, which raised US $ 5 million in 2024, Neemans, which has recently initiated a fresh fundraising round, and other players including Solethreads and Zeesh.
Bharat Tex Special Report 2026 
