Total amount raised
$9.8 Millions
Latest funding date
06/01/2022
Location
Neemans has carved a niche in the e-commerce space by offering a diverse range of footwear for men and women, including sneakers, slip-ons, loafers, oxfords, slides, sandals, flip-flops, and flats. The brand emphasizes sustainability, incorporating recycled materials and proudly manufacturing its products in India.
Keep reading to explore the intricacies of Neemans' fundraising journey and the investors backing this innovative platform.
What Is Neemans?
Neemans is a footwear company that emphasizes sustainability and eco-friendly practices. Based in India, the company has recycled over 3.2 million plastic bottles and offers a wide range of shoes for both men and women, including sneakers, slip-ons, loafers, oxfords, slides, sandals, flip-flops, and flats.
With a customer base of over 3 million, Neemans is proud of its Indian roots and commitment to quality, comfort, and style. The company also offers no-cost EMIs via UPI, making its products more accessible to a broader audience.
How Much Funding Has Neemans Raised?
- Seed Round
- Amount Raised: $1M
- Date: March 2020
- Lead Investors: Anicut Capital
- Series A
- Amount Raised: ₹200M
- Date: August 2021
- Lead Investors: Sixth Sense Ventures
- Debt Financing
- Amount Raised: ₹70M
- Date: December 2021
- Lead Investors: Stride Ventures
- Series B
- Amount Raised: ₹400M
- Date: June 2022
- Lead Investors: Sixth Sense Ventures
Neemans has raised a total of $1M and ₹670M across all funding rounds.
Key Investors
- Sixth Sense Ventures
- Details: Sixth Sense Ventures is an Indian venture capital firm that focuses on consumer-centric businesses. They have a reputation for identifying and nurturing high-growth companies in the early stages.
- Investment Focus Areas: Consumer goods, retail, healthcare, technology.
- Notable Investments: Soothe Healthcare, LEAP India, Fullife Healthcare.
- Anicut Capital
- Details: Anicut Capital is a leading investment firm in India that provides debt and equity funding to small and medium enterprises. They are known for their flexible investment approach and deep industry expertise.
- Investment Focus Areas: Financial services, consumer goods, technology, healthcare.
- Notable Investments: Wow! Momo, Bira 91, Lendingkart.
- Stride Ventures
- Details: Stride Ventures is a venture debt firm that offers customized debt solutions to startups in India. They aim to bridge the gap between equity and traditional debt financing.
- Investment Focus Areas: Technology, consumer goods, healthcare, financial services.
- Notable Investments: Sugar Cosmetics, Stellapps, Miko.
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