Comet, a lifestyle sneaker brand, has recently secured significant funding in its Series A round:
Startup Stardom: Founded in 2022 by Utkarsh Gupta and Dishant Daryani, Comet has quickly made waves as a Bengaluru-based lifestyle sneaker brand.
Series A Funding: Comet raised Rs 42.3 crore ($5 million) with Elevation Capital as a key investor, acquiring 10 equity shares and Rs 33.35 crore worth of compulsorily convertible preference shares (CCPS).
Style Statement: Comet rocks the scene with retro-styled sneakers and trendy slip-on sandals, all up for grabs on their website.
This funding round signifies a pivotal moment for Comet as it aims to strengthen its position in the competitive sneaker market and expand its product offerings.