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
-
Sectors
Retail
-
Phone
Locked
-
Website
Locked
-
Social
Locked
- Legal Name R2 Sportswear Private Limited
- Jurisdiction Vaniyambadi, Tamil Nadu, India
-
Annual Revenue
$1.1 M (USD)0as on Mar 31, 2024
-
Net Profit
-$114.17 K (USD)-4609997as on Mar 31, 2024
-
EBITDA
-$111.14 K (USD)0as on Mar 31, 2024
-
Total Equity Funding
$2.15 M (USD)
in 1 rounds
-
Latest Funding Round
$2.15 M (USD), Seed
Jan 01, 2025
-
Investors
Pks Family Trust
& 3 more
-
Employee Count
33
as on Jan 31, 2025
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
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.
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.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
-
|
Locked | Locked | Locked | |
|
-
|
Locked | Locked | Locked | |
|
GP
Gopalakrishna Pullala Varadharajulu |
-
|
Locked | Locked | Locked |
Investor details for Joybean Shoes
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
- Funding rounds
- Participation history
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Joybean Shoes
Investment portfolio details for Joybean Shoes
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
Financial Statements - Joybean Shoes
Detailed financials for Joybean Shoes
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
- Historical revenue
- Profit trends
- Statement rows
- Financial ratios
Verified entity values are shown only after access is granted.
Joybean Shoes Comparisons
Peer comparison for Joybean Shoes
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
- Funding comparison
- Operating benchmarks
Verified entity values are shown only after access is granted.
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.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| Locked | Locked | Locked |
Unisex lifestyle sneakers are designed and sold online by Comet.
|
|
| Locked | Locked | Locked |
Eco-friendly footwear is provided online by Neeman's.
|
|
| Locked | Locked | Locked |
Multi-category fashion products and sneakers are sold online.
|
|
| Locked | Locked | Locked |
Sneakers for men and women are offered online by 7-10.in.
|
|
| Locked | Locked | Locked |
Internet first brand offering footwear for women and men
|
Detailed competitors of Joybean Shoes
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
- Domains and locations
- Full company profiles
- Operating metrics
- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on Joybean Shoes
Complete news archive for Joybean Shoes
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Joybean Shoes
Joybean Shoes was founded in 2022 and raised its 1st funding round 3 years after it was founded.
Joybean Shoes is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Raju Ramesh Joybean is the current CEO of Joybean Shoes. They have also founded this company.
Joybean Shoes is a funded company, having raised a total of $2.15M across 1 funding round to date.
As of Jan 31, 2025, the latest employee count at Joybean Shoes is 33.
Annual revenue of Joybean Shoes is $1.1M as on Mar 31, 2024.
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.
Joybean Shoes offers Men's Lace Up Shoes, Men's Slip On Shoes, and Women's Lace Up Shoes.
Joybean Shoes has 4 investors. Key investors include Pks Family Trust, Vks Family Trust, Gopalakrishna Pullala Varadharajulu, and Raju Ramesh Joybean.
The valuation of Joybean Shoes is $7.8M as of Jan 2025.