Gully Labs, an Indian sneaker brand, has raised Rs 30 crore in a Series A funding round led by Saama Capital. Existing investor Zeropearl VC also participated.
The company plans to use the capital to expand its product portfolio, increase its offline retail presence across key Indian cities, and build brand awareness in international markets such as the US and the UK.
The round included participation from founders and angel investors across consumer, food, and education technology sectors, including Sangeet Agrawal (Founder, Mokobara), Viraj Bahl (Founder, Veeba), Roman Saini and Gaurav Munjal (Co-founders, Unacademy), Sanjay Kapoor (Founder, Genesis Luxury), and Radhika Gupta (MD and CEO, Edelweiss Mutual Fund).
Founded in 2023 by Arjun Singh and Animesh Mishra, Gully Labs designs sneakers inspired by Indian cultural references, regional art forms, and traditional crafts, positioned within the premium footwear segment.
The co-founders said in a statement that the capital will support expansion of the company’s offline strategy, product range, and customer engagement in India and international markets.
Saama Capital and Zeropearl VC stated that they see potential in the brand’s positioning within the premium consumer segment and its early traction across online and offline channels.
Since its seed round in March 2025, Gully Labs has reached Rs 30 crore in annualised revenue, established offline stores across five Indian cities, and generated sales in markets including the US and the UK. The company is targeting Rs 100 crore in annualised revenue by FY 2026–27.
