The Week that Was: Indian Startup News Overview (29th December- 04th January)
- Indian startups continue record funding spree across sectors like Climate Tech, Proptech, FinTech, Agritech, and Sustainable Fashion
- Neeman’s Rs 35.5 Crore Series B2 for sustainable footwear, Truva $6.3 Million Series A for proptech, Knight FinTech $23.6 M Series A for AI banking infrastructure, and Arya.ag $80 Million Series D for agritech expansion
- Giga CEO alleges $3 Million crypto extortion amid social media claims following recent Series A funding in AI and conversational platforms
The Indian startup ecosystem has set a new record by bagging another round of funding in a few sectors like Climate tech, Travel, Aviation Tech, Retail Apparel and Fashion, and Chemical Manufacturing & Digital Entertainment. It marks another win for the startupreneurs by raising funds and updating the growth probability and standardizing the products and services. The week went by successfully witnessing funds in every stage of funding from Pre-Seed, Pre-series, Seed, Series C, and others.
Funding News: Neeman’s Raises Rs 35.5 Crore in Series B2 Funding Round
Startup: Neeman’s
Founders: Taranjeet Singh Chhabra and Amar Preet Singh
About us: Neeman’s is a sustainable footwear brand known for eco conscious shoes crafted using sustainable materials and designed to blend comfort with environmental responsibility. It operates primarily through a direct to consumer model, building its presence both online and offline while promoting environmentally friendly fashion.
Founded Year: 2017
Office: Headquartered in Hyderabad, India, serving customers across India with expanding retail and digital channels.
Sector: Sustainable Footwear / D2C Fashion
Funding Round: Series B2
Investors: The Series B2 tranche was led by Snam Solutions (Muralidhar Dhuddu) with participation from Grand Anicut, Sharrp Ventures, and other institutional and individual investors.
Neeman’s has raised Rs 35.5 crore (approximately $4.3 million) in a Series B2 funding round to strengthen working capital and support operational growth. The fresh capital will be channelled towards scaling operations, enhancing its product offerings, and expanding market reach as the brand continues to grow in the sustainable footwear space.
Website: https://www.neemans.co/
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