- Inc.5 Shoes, a Mumbai-based omnichannel footwear brand targeting individuals in the 16-35 age range, has raised $10 million in its Series A funding round.
- The round was led by Carpediem Capital and saw participation from Param Capital and P3 Venture Fund, which is affiliated with the Sureka Family Office.
- Inc.5 Shoes, which was launched in 1998, sells its products through a network of 70 offline stores and over 200 shop-in-shop locations across India.
- The company plans to use the funding to triple its existing presence and expand its footprint in urban areas, with a specific focus on Tier 2 and select Tier 3 cities.