Comet raises approximately ₹100 crore Series B led by Verlinvest
The sneaker brand plans to expand its stores and invest in new footwear models following its latest financing.
A larger retail footprint and new sole tooling
Verlinvest led Comet’s approximately ₹100 crore Series B, with existing backers including Elevation Capital and Nexus Venture Partners participating. Earlier coverage described a ₹98.75 crore proposed allotment; the subsequent financing report rounded the amount to around ₹100 crore.
Comet plans to expand from four stores to ten, with a target of 20 by FY27, while strengthening product development and research. The work includes dedicated sole moulds and tooling for a women-focused footwear model.
Use of funds
Expand retail footprint
Strengthen product and technology capabilities
Invest in research and development
Develop sole moulds and tooling for new footwear models