SHOEGR Raises $100,000 in Pre-Seed Funding from PedalStart
In a significant development in the Indian startup ecosystem, Mohali-based shoe care brand SHOEGR has announced that it has raised $100,000 in pre-seed funding from PedalStart. This latest round of funding is expected to propel the brand forward, driving product innovation, market expansion, and direct-to-consumer (D2C) growth. With this injection of capital, SHOEGR is poised to disrupt the shoe care industry and make shoe care mainstream beyond sneakers.
SHOEGR, which has been making waves in the market with its innovative products and services, has achieved significant milestones in a short span. The brand has hit ₹50 lakh in monthly sales, a testament to its growing popularity among consumers. With its sights set on the future, SHOEGR is projecting to cross ₹1 crore in FY 2025-26, indicating a remarkable growth trajectory.
The pre-seed funding from PedalStart will enable SHOEGR to expand its product portfolio, enhance its market presence, and strengthen its online distribution channels. The funding will also help the brand to further invest in its research and development (R&D) efforts, ensuring that its products continue to meet the evolving needs of its customers.
Speaking about the funding, [Name], Founder and CEO of SHOEGR, said, “We are thrilled to have PedalStart on board as our investors. This funding will be instrumental in helping us take our brand to the next level. We are committed to making shoe care mainstream beyond sneakers, and this investment will enable us to achieve that goal.”
PedalStart, an early-stage startup accelerator, has been at the forefront of supporting innovative startups in India. With its expertise in helping startups scale, PedalStart is well-positioned to guide SHOEGR as it navigates the next phase of its growth journey.
Commenting on the investment, [Name], Founder and Managing Director of PedalStart, said, “We are impressed by SHOEGR’s innovative approach to shoe care and its potential to disrupt the industry. We believe that the brand has a unique value proposition that resonates with consumers, and we are excited to be a part of its growth journey.”
SHOEGR’s innovative products and services have been designed to cater to the growing demand for shoe care solutions. The brand’s products are eco-friendly, non-toxic, and gentle on shoes, making them an attractive option for consumers who are increasingly aware of the importance of sustainable living.
In a crowded market, SHOEGR’s focus on product innovation and customer experience has helped it stand out from the competition. The brand’s commitment to providing high-quality products and exceptional customer service has earned it a loyal customer base, with many customers returning to the brand for repeat business.
The shoe care industry is rapidly evolving, with consumers becoming more discerning about the products they use. SHOEGR’s innovative approach to shoe care, combined with its commitment to sustainability and customer satisfaction, makes it well-positioned to capitalize on this trend.
As SHOEGR looks to the future, it is poised to make a significant impact on the shoe care industry. With its innovative products, expanding market presence, and growing customer base, the brand is well-positioned to achieve its goals and become a household name in the industry.
About SHOEGR
SHOEGR is a Mohali-based shoe care brand that offers a range of innovative products and services designed to keep shoes clean, protected, and looking their best. The brand’s products are designed to be eco-friendly, non-toxic, and gentle on shoes, making them an attractive option for consumers who are increasingly aware of the importance of sustainable living.
About PedalStart
PedalStart is an early-stage startup accelerator that provides funding, mentorship, and support to innovative startups in India. With a focus on scaling startups, PedalStart helps entrepreneurs navigate the next phase of their growth journey, providing them with the resources and expertise they need to succeed.
News Source
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