Homegrown sneaker brand Gully Labs has raised Rs 8.7 crore in a seed funding round, which includes Rs 7.6 crore in equity and Rs 1.1 crore in venture debt.
The equity round was led by Zeropearl VC, with participation from Untitled Ventures, Atrium Ventures, and prominent angel investors such as Vivekananda Hallekere (Co-founder & CEO, Bounce), Suhasini Sampath (Co-founder, Yogabar), Nishchay AG (CEO, Jar), Ashutosh Valani (Founder, Renee Cosmetics), Anurag Ramadasan, and Rahul Seth.
The debt component of the round was led by Stride Ventures.
The newly raised capital will be used to diversify the product mix, expand sales channels, and open physical retail stores.
The startup aims to build a larger production facility, extend its product line to include more sneaker styles, and strengthen its presence in Indian and global markets. Launching exclusive retail outlets is also part of the company’s omni-channel growth strategy.
Founded in 2023 by Arjun Singh and Animesh Mishra, Gully Labs blends premium craftsmanship with culturally rich design stories.
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The brand is known for creating handmade sneakers that celebrate Indian heritage — from Phulkari-embroidered trainers to Onam-inspired silhouettes.
The company currently retails its products via its own website and through partner stores across metro cities in India. This round follows a previous pre-seed raise of Rs 1.1 crore in 2024.
