Footwear brand Neemans Raises $1 Million in Funding
Hyderabad-based Neeman’s, an eco-conscious footwear brand making comfortable shoes using Merino Wool has raised around 1 million USD in an early stage round led by Anicut Angel Fund which made its maiden investment, Tushar Singh and Rohit Anand were the leads of this round of investment on behalf of Anicut, with Tushar joining the company board.
Through Anicut, Ashvin Chadha, Arjun Seth, Abhishek Goyal, Ambarish Raghuvanshi, and Sanjay Kapoor are among the investors who participated in this round.
Founded in 2017 by Taran Chhabra and Amar Preet Singh, Neemans claims that its shoes are natural, lightweight, flexible, breathable, moisture-wicking, odour-resistant, cool in summer and warm in winter, and machine-washable. The funding will be used by the start-up for the expansion of the...