Startup Funding
SNAM Group of Companies, through its investment arm SNAM Solutions, has led the Series B2 fund raise in footwear brand, Neeman's. Founded by Taranjeet Singh Chhabra and Amar Preet Singh in 2017, Neeman's has raised $4 million (approx Rs 35.5 crore) in its latest round, with SNAM Group leading the fundraise by investing Rs 16 crore and participation from existing investors, Anicut Capital, Enam Investments and Harsh Mariwala's Sharrp Ventures. Managing Partner at SNAM Solutions, Adhvith Dhuddu, who oversees venture investments at SNAM Group shared, "The India consumer journey is alive and kicking, and we're always looking for new age, scalable businesses to partner with. Our analysis showed that Neeman's is at an inflection point in its growth journey and we are thrilled to be joining them as they shift gears to scale profitably over the next few years. The values shared by Neeman's founders also resonated with us and we felt this is a great time to back their journey and are excited...