From Local Culture to Global Streets: Gully Labs’ ₹30 Crore Series A Signals the Rise of Indian Luxury Footwear
What is the news?
The global luxury footwear market is seeing a new contender emerge from India. Gully Labs, the premium sneaker brand led by founders Arjun Singh and Animesh Mishra, has secured ₹30 crore (approximately $3.6 million) in Series A funding. The round, co-led by veteran investors Saama Capital and Zeropearl VC, marks a significant milestone in the brand’s journey to take Indian design sensibility to international consumers.
Why is it interesting?
Arjun Singh and Animesh Mishra have built Gully Labs on the premise that Indian craftsmanship and modern aesthetics can compete with the world’s best. The fresh capital infusion will be utilized to ramp up supply chain capabilities and initiate a strategic entry into global markets, particularly focusing on corridors where premium “cultural” sneakers are in high demand.
By building a high-IP, premium brand from the ground up, the founders of Gully Labs are demonstrating that India is no longer just a manufacturing hub for global brands, but a birthplace of global labels that will define future trends.
Read more: Gully Labs raises Rs 30 crore Series A led by Saama Capital and Zeropearl VC