About Comet
Comet is a company based in Bengaluru (India) founded in 2023 by Dishant Daryani and Utkarsh Gupta. It operates as a Direct-to-Consumer (D2C). Comet has raised $6.57 million across 2 funding rounds from investors including Angel List, Nexus Venture Partners and Elevation Capital. The company has 10 employees as of April 04, 2024. Comet offers products and services including Aeon v2 AFFOGATO, Alter FRENCHMAN, and X Lows SAFARI. Comet operates in a competitive market with competitors including RapidBox, Neeman's, CHK, Joybean Shoes and Funkfeets, among others.
- Headquarter Bengaluru, India
- Employees 10 as on 04 Apr, 2024
- Founders Dishant Daryani, Utkarsh Gupta
- Stage Minicorn
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Sectors
Retail
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Grails Marketing Private Limited
- Jurisdiction Bangalore South, Karnataka, India
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Annual Revenue
$7.08 K (USD)0as on Mar 31, 2023
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Net Profit
$-61.58 K (USD)0as on Mar 31, 2023
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EBITDA
$-68.52 K (USD)0as on Mar 31, 2023
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Total Equity Funding
$6.57 M (USD)
in 2 rounds
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Latest Funding Round
$5.08 M (USD), Series A
May 22, 2024
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Investors
Angel List
& 2 more
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Employee Count
10
as on Apr 04, 2024
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Products & Services of Comet
Comet offers a comprehensive portfolio of products and services, including Aeon v2 AFFOGATO, Alter FRENCHMAN, and X Lows SAFARI. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Sneakers designed for comfort and versatile style daily.
Sneakers crafted for premium look and everyday wear.
Designer sneakers made for unique style and comfort.
Unlock access to complete
Funding Insights of Comet
Comet has successfully raised a total of $6.57M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $5.08 million completed in May 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $5.1M
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First Round
First Round
(23 Feb 2023)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2024 | Amount | Series A - Comet | Valuation | Elevation Capital | |
| Feb, 2023 | Amount | Seed - Comet | Valuation | Nexus Venture Partners |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Comet
Comet has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Angel List, Nexus Venture Partners and Elevation Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Elevation Capital is focused on early-stage tech investments in India.
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Founded Year | Domain | Location | |
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Venture capital firm that partners with entrepreneurs for product-first companies.
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Founded Year | Domain | Location | |
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Alternative investment platform for startups and investors is operated.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Comet
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Comet
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Comet Comparisons
Competitors of Comet
Comet operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as RapidBox, Neeman's, CHK, Joybean Shoes and Funkfeets, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multi-category fashion products and sneakers are sold online.
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| domain | founded_year | HQ Location |
Eco-friendly footwear is provided online by Neeman's.
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| domain | founded_year | HQ Location |
Streetwear-inspired sneakers are provided through a direct-to-consumer platform.
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| domain | founded_year | HQ Location |
An e-commerce platform offering a range of shoes for men and women
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| domain | founded_year | HQ Location |
Internet first brand offering footwear for women and men
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Comet
Frequently Asked Questions about Comet
When was Comet founded?
Comet was founded in 2023.
Where is Comet located?
Comet is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Is Comet a funded company?
Comet is a funded company, having raised a total of $6.57M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1.5M, raised on Feb 23, 2023.
How many employees does Comet have?
As of Apr 04, 2024, the latest employee count at Comet is 10.
What is the annual revenue of Comet?
Annual revenue of Comet is $7.08K as on Mar 31, 2023.
What does Comet do?
Comet is focused on the design and sale of sneakers for men and women through an online platform. The company operates in the consumer goods sector, specializing in footwear with a range of products like Aeon, Alter, and X Lows. Various styles and colors are offered to cater to diverse customer preferences. Emphasis is placed on comfort and minimal design, ensuring suitability for daily wear. Additional accessories and gift cards are provided to enhance the shopping experience. The business is headquartered in Bengaluru, India, with multiple store locations across the country and internationally.
What products or services does Comet offer?
Comet offers Aeon v2 AFFOGATO, Alter FRENCHMAN, and X Lows SAFARI.
Who are Comet's investors?
Comet has 3 investors. Key investors include Angel List, Nexus Venture Partners, and Elevation Capital.
What is Comet's valuation?
The valuation of Comet is $19.65M as of May 2024.