Benchmarks
Nifty23,897.7024.25

Precious Metal
Gold (MCX) (Rs/10g.)155,100.00-675.0

Enter search text:

Business News›Industry›Cons. Products›Fashion / Cosmetics / Jewellery›Comet, the homegrown sneaker brand, raises Rs 100 crore in Series B round led by Verlinvest

Read Today's Paper

Comet, the homegrown sneaker brand, raises Rs 100 crore in Series B round led by Verlinvest
Synopsis

Homegrown sneaker brand Comet secured Rs 100 crore in Series B funding. This investment was led by Verlinvest and included existing investors. The capital will fuel retail expansion and product development initiatives. Comet plans to double its footwear models and reach twenty stores. This funding will significantly scale the brand's national presence.

New Delhi: Homegrown sneaker brand Comet on Friday said it has raised Rs 100 crore in a Series B funding round led by global investment firm Verlinvest to scale its retail presence and strengthen product development.



The funding round saw participation from existing investors Elevation Capital and Nexus Venture Partners, who doubled down on their investment, alongside angel investors like Abhiraj Singh Bhal (Co-founder, Urban Company), Ajit Mohan (Global CBO, Snap Inc) and Anand Ahuja (Founder, Bhaane), among others.



Also read: Blue Tokai: India's small home roaster that brewed a multi-thousand-crore café business

The company plans to deploy the fresh capital for accelerating retail expansion, strengthening technology capabilities and product development, and investing in research and development.



"Retail has become a significant growth driver for Comet, with our stores consistently outperforming the broader athleisure category in the markets we operate in. That gives us a strong foundation to continue expanding our physical presence and take the brand to more cities. With this round, we can accelerate that expansion and build a much larger retail footprint across India," Utkarsh Gupta, Co-founder of Comet, said.




Founded in 2023, the Bengaluru-based company currently operates four footwear models and aims to double its portfolio to eight models by the end of next year.

Also read: Puma bets on pricier sneakers as India’s sportswear race heats up



On the retail front, Comet said it is set to reach 10 stores in September 2026 and targets a total of 20 stores by the end of FY27.

Add as a Reliable and Trusted News Source
Add Now!

(You can now subscribe to our WhatsApp channel)

(Catch all the Business News, Breaking News and Latest News Updates on The .)

…moreless

(You can now subscribe to our WhatsApp channel)


Read More News on
Comet sneaker brandVerlinvest investmentUrban CompanySnap IncComet shoe modelsinvestors in CometBengaluruprivate equityurban company

(Catch all the Business News, Breaking News and Latest News Updates on The .)

…moreless

Enter search text:

Stories you might be interested in