New Delhi: Footwear brand Neeman’s has raised about $4 million (around ₹35.5 crore) in its Series B2 funding round, led by SNAM Group of Companies through its investment arm SNAM Solutions, according to a media release on Tuesday.
Existing investors Anicut Capital, Enam Investments and Harsh Mariwala’s Sharrp Ventures also participated in the round.
Founded in 2017 by Taranjeet Singh Chhabra and Amar Preet Singh, Neeman’s plans to use the fresh capital to expand its offline retail network while strengthening its online channels and supply capabilities. The company is focusing on scaling its omnichannel presence with an emphasis on disciplined and profitable growth.
Neeman’s is targeting revenue of around ₹180 crore in FY26 and aims to scale its top line to ₹500 crore over the next two years, driven by store expansion and portfolio strengthening.
The latest fundraise comes at a time when India’s footwear market continues to grow at a double-digit pace, supported by rising consumption and increasing demand for affordable premium footwear across online and offline channels.
