Sneaker brand Comet raises Rs 100 crore in Series B funding
Homegrown sneaker label Comet has raised Rs 100 crore (about $10.2 million) in a Series B round, according to YourStory’s weekly funding roundup for Aug. 29-Sept. 4.
What happened
Comet · Indian startup funding fell to $196 million across 24 deals from $245 million the prior week. Consumer-facing highlights included homegrown sneaker
Key facts
- $196 million across 24 deals
- $245 million in the previous week
- Ultrahuman: $70 million
- Yuma Energy: $35 million
- Business Nextgen Finance: Rs 215 crore (about $23 million)
- Cradlewise: $12 million
- Comet: Rs 100 crore (about $10.2 million)
- Kepler Aerospace: $8 million
Why this matters
Comet’s fresh capital makes it a better-funded independent competitor and a potentially strategic partnership or acquisition target for larger fashion, footwear and consumer-brand groups seeking sneaker-market exposure.
What to watch
- Announcement of new store openings, mall partnerships or multi-brand retail distribution.
- Evidence of repeat purchases, reduced discounting or improved full-price sell-through.
- Hiring for offline retail, sourcing, inventory planning and supply-chain roles.
- New product categories or collaborations that extend the brand beyond core sneaker drops.
- Follow-on funding, strategic investor participation or reported revenue/profitability milestones.
- Expand offline footprint in major metros through owned stores, pop-ups and multi-brand retail partnerships.
- Increase production capacity and SKU breadth across lifestyle sneakers, apparel and accessories.
- Invest in performance marketing, community events and creator collaborations to widen customer acquisition.
- Build senior hiring in supply chain, retail operations, merchandising and finance ahead of a larger growth round.
Also reported by
- YourStory — Same time