logo
logo

D2C Footwear Brand Solethreads Raises $3.7 Million In Funding From Fireside Ventures, Others

D2C Footwear Brand Solethreads Raises $3.7 Million In Funding From Fireside Ventures, Others

07/18/23, 11:56 AM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/IN.svggurgaon
Money raised
$3.7 million
Industry
retail
fashion
Round Type
seed
Direct-to-consumer (D2C) footwear startup Solethreads has raised $3.7 million (around Rs 31 crore) from Fireside Ventures and existing investors DSG Consumer Partners and Saama Capital. This concludes the company’s Series A round, in which it had earlier raised Rs 27 crore during 2020 and 2021.Founded in 2020, Solethreads currently sells flip-flops, slides and sneakers for both men and women via both online and offline channels. The Gurgaon-based firm plans to use these funds for research and development and to grow its product portfolio, which currently has 1,200 stock keeping units (SKUs). “It is very important for us to lead the curve when it comes to designs and innovations, and for us to be able to do that, the entire back-end needs to sit in-house, especially the design team

Company Info

Company
Solethreads
Location
gurgaon, haryana, india
Additional Info
Solethreads was co-founded in 2019 by Gaurav Chopra, Sumant Kakaria, Aprajit Kathuria and Vikram Iyer, who wanted to disrupt the open footwear category with an emphasis on comfort, innovation, and superior designs. We use technology and innovation to transform the way you walk. Most Promising Consumer Startup | Amazon Entrepreneurship Challenge 2021 The Most Innovate Campaign | BW Recycling for Greener Tomorrow Awards 2022 The Best Phygital Retailer | Images Retail Awards 2021 We are staunch advocates of equal opportunity employment. All our products are made by hand, and by the passionate women and men who make up our production team. For our brand, change and innovation are a way of life. Our team of committed designers and professionals is helping Solethreads keep in step with the latest lifestyle trends. We feel strongly that our current choices and actions have a tremendous impact on the future. “Going green” advances our quality of life, saves our planet and conserves natural resources for future generations to come, and We are serious about ensuring that our flip flops are either recycled, reclaimed or made from plant extracts. Our entire process, right from the conception [for you] to the conveyance [to you] is done ethically, and in a manner that offsets our carbon footprint. All so that you can be ComfortABLY YOU, anywhere and everywhere!

Related People