Startup profile · funding coverage
Comet funding, valuation and investors
Design-led Indian D2C sneaker brand expanding from limited drops into owned retail and proprietary soles.
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Funding, valuation & investors
Answer-first snapshotLatest funding
Series B
$10.6M (₹100 Cr) · September 2026
Latest known valuation
Not publicly disclosed
Total disclosed equity funding
$11M
Excludes debt, grants, acquisitions, secondaries, and IPO proceeds.
Current status
private
series b · Bengaluru, India
Investors in latest funding
Lead: Verlinvest
Other: Elevation Capital , Nexus Venture Partners
Overview
Comet is a Bengaluru-based sneaker brand founded in 2023 by Utkarsh Gupta and Dishant Daryani. It sells design-led, locally manufactured footwear primarily online with limited-edition drops, and is expanding company-owned retail. In September 2026 it raised ₹100 crore (~$10.6 million) in Series B funding led by Verlinvest, with Elevation Capital, Nexus Venture Partners, and angels including Urban Company’s Abhiraj Singh Bhal and Snap’s Ajit Mohan (Inc42).
Why Comet is interesting
Verlinvest-led ~$10.6M (₹100 Cr) Series B in early September 2026 — Elevation and Nexus returning — as Comet scales CoCo stores 10→20 by FY27 and invests in sole tooling after FY25 revenue of ₹29.1 Cr (~$3.5M) with a ₹4.4 Cr net loss (Inc42).
Product & use cases
Design-forward sneakers manufactured in India, sold via D2C site and owned stores, with R&D into proprietary sole moulds and limited drops that sell out quickly.
- Premium Indian sneaker retail (online + CoCo stores)
- Limited-edition drops for brand community
- Women’s and expanded model lines with custom tooling
Key facts
- ₹100 Cr (~$10.6M) Series B led by Verlinvest (Sep 2026) — Inc42
- Prior ~$5M from Elevation/Nexus (Jul 2024); FY25 revenue ₹29.1 Cr, net loss ₹4.4 Cr
- 10 CoCo stores; target 20 by FY27; doubling models 4→8 including first women’s line
Funding history (newest first)
Series B
2026-09 $10.6M (₹100 Cr)- Verlinvest (lead)
- Elevation Capital (participant)
- Nexus Venture Partners (participant)
Source: https://inc42.com/buzz/d2c-sneaker-brand-comet-raises-%E2%82%B9100-cr-to-expand-offline-presence/
Series A
2024-07 ~$5M- Elevation Capital (lead)
- Nexus Venture Partners (participant)
Source: https://inc42.com/buzz/d2c-sneaker-brand-comet-raises-%E2%82%B9100-cr-to-expand-offline-presence/
Industries
Related funding articles
Venture Capital Tracker pieces that cover Comet's financing or category context.
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