Neeman's Secures $4 Million to Power Offline Store Expansion
Overview
D2C footwear brand Neeman's has secured $4 million (INR 35 Cr) in Series B2 funding led by SNAM Group. The capital will fuel its expansion into physical retail stores, bolster online operations, and improve supply chain efficiency. The company aims for INR 180 Cr revenue by FY26 and INR 500 Cr within two years.
D2C footwear brand Neeman's announced on [Date] it raised $4 million (approximately INR 35 crore) in a Series B2 funding round. SNAM Group, through its investment arm SNAM Solutions, led the investment.
Existing investors Anicut Capital, ENAM Investments, and Sharrp Ventures also participated in the funding round.
The capital infusion is earmarked for expanding the brand's physical retail presence with new stores, enhancing its e-commerce platforms, and optimizing its supply chain operations as the company scales.
Neeman's projects a revenue of INR 180 crore by the end of fiscal year 2026 and targets INR 500 crore in annual revenue within the next two years, driven by its strategic store expansion and increasing repeat customer demand.
Founded in 2017 by Taranjeet Singh Chhabra and Amar Preet Singh, Neeman's offers comfortable, sustainable footwear sold through its website, online marketplaces, and physical stores.
The company has previously raised $9.8 million from investors including Sixth Sense Ventures, Anicut Capital, and Stride Ventures.
Neeman's operates in India's expanding footwear sector. It competes with other homegrown brands capitalizing on local consumer preferences, a segment where global players have faced challenges. This focus on local needs differentiates them from global brands that sometimes employ a 'one-size-fits-all' approach.
