Neeman’s, a footwear brand, has raised $4 million (approx ₹35.5 crore) in a Series B2 funding round led by SNAM Solutions, the investment arm of NAM Group of Companies. SNAM Group led by investing ₹16 crore.
The round also saw participation from existing investors, Anicut Capital, Enam Investments and Harsh Mariwala’s Sharrp Ventures.
The fresh funds raised will be used to increase their offline presence by adding new stores and strengthening their online reach as well.
Founded in 2017 by Taranjeet Singh Chhabra and Amar Preet Singh, Neeman’s is known for creating comfortable, sustainable, and eco-friendly shoes using materials like Merino wool, recycled plastic bottles, and organic cotton. The company offers a wide range of styles for both men and women, focusing on versatility and everyday wear.
Neeman’s aims to achieve a revenue of approximately ₹180 crore this financial year (FY 25-26) and aims to touch a top line of ₹500 crore in 2 years.
Neeman’s founders, Amar and Taran, said, “We’re excited to welcome SNAM Solutions and appreciate our current investors as Neeman’s enters its next phase of growth. This round is a strong validation of the brand we’ve built over the years — one that is rooted in comfort, sustainability, and solving real problems for everyday consumers. The capital will help us meaningfully expand our retail footprint, strengthen our product and supply capabilities, and scale the business in a disciplined and profitable manner. Our focus remains on building an amazing, long-lasting footwear brand while staying true to our values and delivering consistent value to our customers. We’re grateful for the trust our investors have placed in the Neeman’s journey and excited about what lies ahead.”
Managing Partner at SNAM Solutions, Adhvith Dhuddu, said, “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 to be leading this round.“
Srikanth Sivaraman, SNAM Group Director, said, “SNAM is proud to be associated as an investor with an Indian homegrown footwear brand, Neeman’s, in their pursuit of being a leader in the market of footwear.”
Muralidhar Dhuddu of SNAM Group said, “Neeman’s is in a sweet spot catering to the rising middle class in India looking for premium footwear at affordable prices. What also impressed us is the balance being struck with an omni-channel approach and pushing for profitability in both their online and offline businesses.”
