Home / Knowledge / News / Apparel/Garments / Footwear firm Neeman's raises $1 mn in funding

Footwear firm Neeman's raises $1 mn in funding

03
Mar '20
Pic: Neeman
Pic: Neeman
Hyderabad-based sustainable shoe company Neeman’s has raised about $1 million (₹7.28 crore) in pre-series A funding from a group of investors led by Anicut Angel Fund, which was recently launched by debt investor Anicut Capital’s first investment. Ashvin Chadha, Arjun Seth, Abhishek Goyal, Ambarish Raghuvanshi, Sanjay Kapoor are among the investors who participated in this round through Anicut.

Founded in 2017 by Taran Chhabra and Amar Preet Singh, Neeman’s is uses completely natural, renewable, recyclable and chemical-free materials to reduce carbon footprint.

“We are here to redefine the shoe industry. With the influx of seasoned investors and entrepreneurs, we have the right base to grow from the exceptional first year we have had” said Chhabra, chief executive officer of Neeman’s in a statement.

Lead investor Tushar Singh and Rohit Anand said: "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.

Fibre2Fashion News Desk (DS)


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