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Homegrown sneaker brand Gully Labs has secured INR 30 crore in a Series A funding round led by Saama Capital, with participation from existing investor Zeropearl VC. Zeropearl VC increased its commitment beyond its pro‑rata share after leading Gully Labs’ seed funding earlier in 2025.
Prominent founders and angel investors from diverse sectors also took part in the round, including Sangeet Agrawal of Mokobara, Viraj Bahl of Veeba, Roman Saini and Gaurav Munjal of Unacademy, Sanjay Kapoor of Genesis Luxury and Radhika Gupta of Edelweiss Mutual Fund.
Founded in 2023 by Arjun Singh and Animesh Mishra, Gully Labs is based in New Delhi and positions itself as a premium sneaker maker rooted in Indian culture.
The brand designs and handcrafts footwear that blends quality materials with culturally inspired themes such as Phulkari‑inspired and Onam‑themed designs. Gully Labs sells its products online through its website and via select retail partners in major Indian cities. The fresh capital will be used to expand the company’s product portfolio, grow its offline retail presence in key Indian markets, and boost brand visibility internationally, with a focus on the US and the UK.
Since its seed round in early 2025, Gully Labs claims to have reported strong momentum, achieving INR 30 crore in annualised revenue and establishing physical stores in five Indian cities. The startup aims to reach INR 100 crore in annualised revenue by fiscal 2026-27. One notable competitor, Neeman’s, recently raised USD 4 million (approximately INR 35.5 crore) in its Series B2 funding round.
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