About SockSoho
SockSoho is a company based in Sahibzada Ajit Singh Nagar (India) founded in 2020 by Simarpreet Singh.. SockSoho has raised $125 thousand across 1 funding round from investors including Y Combinator. The company has 1 employees as of October 09, 2024. SockSoho offers products and services including No-Show Socks, Regular Length Socks, Ankle Length Socks, and Gift Boxes. SockSoho operates in a competitive market with competitors including Thela Gaadi, SoxyToes, Footprints Organic, Hapso and Inskinn, among others.
- Headquarter Sahibzada Ajit Singh Nagar, India
- Employees 1 as on 09 Oct, 2024
- Founders Simarpreet Singh
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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 Prisim Fashion Bakers Private Limited
- Date of Incorporation 25 Jun, 2020
- Jurisdiction Chandigarh, Chandigarh, India
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Annual Revenue
$521.58 K (USD)95.01as on Mar 31, 2023
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Net Profit
$-7.37 K (USD)-5.48as on Mar 31, 2023
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EBITDA
$5.62 K (USD)-21.99as on Mar 31, 2023
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Total Equity Funding
$125 K (USD)
in 1 rounds
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Latest Funding Round
$125 K (USD), Seed
Aug 24, 2020
- Investors
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Employee Count
1
as on Oct 09, 2024
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Products & Services of SockSoho
SockSoho offers a comprehensive portfolio of products and services, including No-Show Socks, Regular Length Socks, Ankle Length Socks, and Gift Boxes. 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 socks for discreet wear with premium materials.
Standard socks for daily use with soft cotton.
Socks designed for ankle coverage and comfort.
Curated sock sets for occasions and corporate use.
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Funding Insights of SockSoho
SockSoho has successfully raised a total of $125K through 1 strategic funding round. The most recent funding activity was a Seed round of $125 thousand completed in August 2020. 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 — $125,000
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First Round
First Round
(24 Aug 2020)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2020 | Amount | Seed - SockSoho | Valuation | Y Combinator |
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| 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 SockSoho
SockSoho has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Y Combinator. 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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Early-stage startups are accelerated via funding and educational programs.
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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 SockSoho
| 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 - SockSoho
| 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 |
Socksoho Comparisons
Competitors of SockSoho
SockSoho 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 Thela Gaadi, SoxyToes, Footprints Organic, Hapso and Inskinn, 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 |
Private label socks are manufactured for men and women.
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| domain | founded_year | HQ Location |
Online platform offering designer socks subscription platform for men
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| domain | founded_year | HQ Location |
Offers organic cotton and bamboo socks for men, women, and kids online.
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| domain | founded_year | HQ Location |
Online retailer of designer socks for men and women with discounts and combos.
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| domain | founded_year | HQ Location |
Online retailer selling stylish socks including sports, formal, and combos.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 SockSoho
When was SockSoho founded?
SockSoho was founded in 2020.
Where is SockSoho located?
SockSoho is headquartered in Sahibzada Ajit Singh Nagar, India. It is registered at Sahibzada Ajit Singh Nagar, Punjab, India.
Is SockSoho a funded company?
SockSoho is a funded company, having raised a total of $125K across 1 funding round to date. The company's 1st funding round was a Seed of $125K, raised on Aug 24, 2020.
How many employees does SockSoho have?
As of Oct 09, 2024, the latest employee count at SockSoho is 1.
What is the annual revenue of SockSoho?
Annual revenue of SockSoho is $521.58K as on Mar 31, 2023.
What does SockSoho do?
SockSoho was established in 2020 in Sahibzada Ajit Singh Nagar, India, as an online-focused brand in the apparel sector. Designer socks targeted at men are sold through the website socksoho.com. Anti-bacterial and moisture-wicking features are incorporated into the products. Luxury gift boxes are additionally available for purchase. Operations are centered on e-commerce distribution within the fashion accessories market.
Who are the top competitors of SockSoho?
SockSoho's top competitors include Thela Gaadi, SoxyToes and The Sock Street.
What products or services does SockSoho offer?
SockSoho offers No-Show Socks, Regular Length Socks, Ankle Length Socks, and Gift Boxes.
Who are SockSoho's investors?
SockSoho has 1 investor. Key investors include Y Combinator.