Gully Labs raises Rs 8.7 crore in seed funding led by Zeropearl VC

Gully Labs, India’s homegrown sneaker brand known for blending cultural storytelling with premium craftsmanship, has raised Rs 8.7 crore in its seed round — comprising Rs 7.6 crore in equity and Rs 1.1 crore in venture debt. The company had earlier secured Rs 1.1 crore in equity during its pre-seed round in 2024. The fresh capital will be deployed towards diversifying the product mix, expanding sales channels, and opening physical retail stores.

The equity round was led by Zeropearl VC, with participation from a strong cohort of marquee founders…