Footwear brand Neeman’s raises $1 million in pre-series A funding
Footwear brand Neeman’s has raised $1 million (Rs 7 crore) in pre-series A funding, led by Anicut Angel Fund and other angel investors.
The brand will use the funds in the expansion of its business operations, product portfolio, and marketing.
Neeman’s was founded in 2017 by Taran Chhabra and Amar Preet Singh and projects itself as an all-day wear brand, claiming that it makes use of recyclable and chemical-free materials for its products.
Commenting on the funding, Taran Chhabra, founder and CEO of Neeman’s in a statement said: “We are here to redefine the shoe industry using natural, superior-quality, and environment-friendly products. Creating extremely comfortable and durable shoes that can be worn year-round with the same comfort has been the key motivating factor in starting Neeman’s.”
Lead investors Tushar Singh and Rohit Anand added: "Going forward, we believe this investment will support their journey, as they scale up in a growing footwear market in India while targeting aware, responsible, comfort-seeking and fashion-conscious customers.”
Neeman’s had recently launched its eco-friendly merino shoe brand in collaboration with The Woolmark Company on its e-commerce site. The collection includes classic sneakers, jogging shoes, and loafers, in a range of colours.
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