About Joybean Shoes
Joybean Shoes is a company based in Chennai (India) founded in 2022 by Raju Ramesh Joybean.. Joybean Shoes has raised $2.15 million across 1 funding round from investors including Pks Family Trust, Vks Family Trust and Gopalakrishna Pullala Varadharajulu. The company has 33 employees as of January 31, 2025. Joybean Shoes offers products and services including Men's Lace Up Shoes, Men's Slip On Shoes, and Women's Lace Up Shoes. Joybean Shoes operates in a competitive market with competitors including Comet, Neeman's, RapidBox, 7-10.in and Funkfeets, among others.
- Headquarter Chennai, India
- Employees 33 as on 31 Jan, 2025
- Founders Raju Ramesh Joybean
- Stage Minicorn
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Sectors
Retail
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Phone
*********
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Website
*********
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Social
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- Legal Name R2 Sportswear Private Limited
- Jurisdiction Vaniyambadi, Tamil Nadu, India
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Annual Revenue
$1.1 M (USD)0as on Mar 31, 2024
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Net Profit
$-114.17 K (USD)-4609997as on Mar 31, 2024
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EBITDA
$-111.14 K (USD)0as on Mar 31, 2024
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Total Equity Funding
$2.15 M (USD)
in 1 rounds
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Latest Funding Round
$2.15 M (USD), Seed
Jan 01, 2025
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Investors
Pks Family Trust
& 3 more
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Employee Count
33
as on Jan 31, 2025
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Products & Services of Joybean Shoes
Joybean Shoes offers a comprehensive portfolio of products and services, including Men's Lace Up Shoes, Men's Slip On Shoes, and Women's Lace Up Shoes. 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.
Comfortable lace-up shoes for men with breathable and flexible materials
Easy-to-wear slip-on shoes offering snug fit and anti-skid base
Stylish lace-up shoes for women with breathable mesh design
Funding Insights of Joybean Shoes
Joybean Shoes has successfully raised a total of $2.15M through 1 strategic funding round. The most recent funding activity was a Seed round of $2.15 million completed in January 2025. 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 1
- Last Round Seed — $2.1M
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First Round
First Round
(01 Jan 2025)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2025 | Amount | Seed - Joybean Shoes | Valuation | Pks Family Trust |
| 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 Joybean Shoes
Joybean Shoes has secured backing from 4 investors, including institutional and angel investors. Prominent investors backing the company include Pks Family Trust, Vks Family Trust and Gopalakrishna Pullala Varadharajulu. 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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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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GP
Gopalakrishna Pullala Varadharajulu |
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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 Joybean Shoes
| 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 - Joybean Shoes
| 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 |
Joybean Shoes Comparisons
Competitors of Joybean Shoes
Joybean Shoes 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 Comet, Neeman's, RapidBox, 7-10.in 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 |
Unisex lifestyle sneakers are designed and sold online by Comet.
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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 |
Multi-category fashion products and sneakers are sold online.
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| domain | founded_year | HQ Location |
Sneakers for men and women are offered online by 7-10.in.
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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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Frequently Asked Questions about Joybean Shoes
When was Joybean Shoes founded?
Joybean Shoes was founded in 2022 and raised its 1st funding round 3 years after it was founded.
Where is Joybean Shoes located?
Joybean Shoes is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Who is the current CEO of Joybean Shoes?
Raju Ramesh Joybean is the current CEO of Joybean Shoes. They have also founded this company.
Is Joybean Shoes a funded company?
Joybean Shoes is a funded company, having raised a total of $2.15M across 1 funding round to date. The company's 1st funding round was a Seed of $2.15M, raised on Jan 01, 2025.
How many employees does Joybean Shoes have?
As of Jan 31, 2025, the latest employee count at Joybean Shoes is 33.
What is the annual revenue of Joybean Shoes?
Annual revenue of Joybean Shoes is $1.1M as on Mar 31, 2024.
What does Joybean Shoes do?
Joybean Shoes was founded in 2022 in Chennai, India, as an e-commerce platform in the footwear sector. A variety of shoes for men and women is provided, including options in different colors and fits. Operations focus on online sales to meet consumer needs, with features designed for fashion-oriented buyers. The platform serves customers primarily in India through its domain.
Who are the top competitors of Joybean Shoes?
What products or services does Joybean Shoes offer?
Joybean Shoes offers Men's Lace Up Shoes, Men's Slip On Shoes, and Women's Lace Up Shoes.
Who are Joybean Shoes's investors?
Joybean Shoes has 4 investors. Key investors include Pks Family Trust, Vks Family Trust, Gopalakrishna Pullala Varadharajulu, and Raju Ramesh Joybean.
What is Joybean Shoes's valuation?
The valuation of Joybean Shoes is $7.8M as of Jan 2025.