Yoho banks Rs 23 Cr to chase 2,500 MBOs and AI-led EBO rollout
D2C sneaker brand Yoho raised Rs 15 Cr equity and Rs 8 Cr debt, led by Gulf Islamic Investments and Rajeev Misra with Paytm's Vijay Shekhar Sharma joining. Capital fuels an offline pivot via 2,500 multi-brand outlets and AI-enabled EBOs, targeting India's $6B sneaker market by FY32.
What happened
D2C footwear brand Yoho raised Rs 15 crore equity plus Rs 8 crore debt, led by Gulf Islamic Investments and Rajeev Misra, with Vijay Shekhar Sharma
Key facts
- Rs 15 crore equity
- Rs 8 crore debt
- Rs 20 crore Series A 2022
- Rs 27 crore pre-Series B 2024
- 3 million pairs sold
- $6 billion sneaker market by FY32
- 2,500 MBO target
Why this matters
Yoho's offline pivot and marquee cap table make it a credible consolidation candidate in the fragmented $6B India sneaker market—worth tracking for partnership, distribution, or tuck-in M&A optionality by FY27.
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- Entrackr — Same time