Gully Labs raises Rs 30 crore Series A led by Saama Capital
Zeropearl VC and angel investors join the round as the sneaker brand expands distribution.
Gully Labs announced a Rs 30 crore Series A on January 19, 2026, led by Saama Capital with participation from Zeropearl VC. Angel investors included Sangeet Agrawal, Viraj Bahl, Roman Saini, Gaurav Munjal, Sanjay Kapoor and Radhika Gupta.
The company planned to put the capital into product development and distribution, including offline expansion. It reported an annualised revenue run rate of Rs 30 crore and a retail presence across five cities at the time of the announcement.
The new round followed the brand’s June 2025 seed financing, which combined equity and venture debt. The Series A backed the next stage of its move from a direct online sneaker business towards a broader retail footprint.
Use of funds
Expand product range and physical retail
Strengthen distribution and brand presence