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Footwear Company Investment Opportunity in Bangalore, India

World's first carbon neutral, plant-based sneaker startup. Backed by IIM K. Forbes top 20 startups.
This Business is on a Premium Plan
Established 1-5 year(s)
Employees 5 - 10
Legal Entity Private Limited Company
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries Footwear
Locations  Bangalore
Local Time 8:38 PM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Partial Stake Sale
USD 110 thousand for 2.0% stake (Native Currency: INR 9,000,000)
Reason: Pending orders, launch, and inventory creation for USA launch.
Interested to connect with advisors
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Business Overview

#1. Funded by IIM K.

# 2. Angel Investors from Google, Ciena, TATA, and ONGC.

#3. Presence in 4 countries.

#4. Top Emerging startup awards in 2023 by TiE Hyderabad.

#5. 90,000 pre-order interests during our beta phase.

#6. Awarded India's top innovative startup by Govt of India.

#7. Collaboration with IIT KGP, IIT BHU, and DCE.

#8. Made shoes for Tennis stars Maria Sharapova,

Novak Djokovic, Rohan Bopanna, Mahesh Bhupathi. Cricketers like Ravindra Jadeja, Shikhar Dhawan, and Mithali Raj.

#9. Have manufacturing collaboration with TATA Group, Addvance Pte in Portugal.

#10. Products will be sold through our own website, online marketplaces such as Myntra, YOOX, Lyst, MR PORTER, and Zalando, and through a distributor in UAE.

#11. A global collaboration from 6 countries and behind multi-million dollar startups like Fliflop and Vivobarefoot.

#12. The main target market is customers in the USA, Europe, and India and products will be priced between INR 895 to INR 5,000.

Products & Services Overview

World's first Carbon-negative sneakers, apparel, accessories & equipment made entirely from plants.

Assets Overview

Business operates in an asset-light model and does not own any physical assets.

Intangible assets:

1. Patent pending outsole - USA and India.

2. Patent pending insole - USA and India.

Facilities Overview

We operate at an asset-light model and do not have any facilities. Have collaborations with manufacturing units for production.

Capitalization Overview

1. Funded by IIM K & angel investors.

2. 2 directors.

3. Founders hold 91% shares in the company.

4. Business does not have any debts or liabilities.

Recent Activity
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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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