CHUPPS raises $1.1M in pre-Series A funding
D2C sustainable footwear brand CHUPPS recently announced that it raised $1.1 million in its pre-Series A round of funding from investors like Venture Catalysts, Gunavanth Vaid (4G Capital), and Kaushal Vora (Genesis Packaging).
The startup plans on using the capital raised to expand its product offerings and acquire new talent.
CHUPPS co-founder Gaurav Agarwal said, “We take immense pride in bringing the coolness quotient to footwear with our unique designs and eco-friendly products without compromising on quality and comfort.”
Founded in 2021 by Gaurav Agarwal and Yash Mukhi, CHUPPS launched with “The Sole Of India” collection aimed to revolutionise the footwear industry. It provides its customers with more than 800 options.
Commenting on the investment, Dr Apoorva Ranjan Sharma, President and co-founder of Venture Catalysts said, “Startups with unique innovations are changing the world massively and making it a better and more sustainable place to live in. The huge industry of innovative footwear foresees a vast future with earth-friendly production and supply. The startup considers responsibility as a big part of its ethos, with products made from natural rubber, which do not use plastic, and are 100 percent vegan. In terms of market size, CHUPPS has great potential to disrupt and raise the industry.”
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