Comet raises ₹100 Cr to double store count and models
Comet, an online-first sneaker brand from India, just raised ₹100 crore ($10.6 million) in Series B funding led by Verlinvest, with previous investors and angels joining in. The money will fund expansions: Comet plans to double its retail stores from 10 to 20 and its sneaker portfolio from four to eight models by end of FY27. The company reported a loss of ₹4.4 crore in FY25 against revenue of ₹29.1 crore.
- Series B led by Verlinvest
- Existing investors and angels participated
- Expanding from 10 to 20 stores in India
- Launching women-first sneaker model soon
- Company reported ₹29.1 Cr revenue, ₹4.4 Cr loss for FY25
Sources covering this
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