About Solethreads
Solethreads is a company based in Gurugram (India) by Gaurav Chopra and Sumant Kakaria. Solethreads has raised $9.08 million across 10 funding rounds from investors including Amazon, Alteria Capital and SIDBI Venture Capital. The company has 1 employees. Solethreads offers products and services including Sneakers, Flip-flops, Slides, Sandals, and Clogs.
- Headquarter Gurugram, India
- Employees 1
- Founders Gaurav Chopra, Sumant Kakaria
- Stage Minicorn
- SectorsRetail
- Website solethreads.com
- Social LinkedIn X Facebook Instagram YouTube
- Legal Name Summersalt Lifestyle Private Limited
- Date of Incorporation 17 Mar, 2020
- Jurisdiction Gurgaon, Haryana, India
- Annual Revenue₹42.58 Cr
FY 2024 · +75% YoY
- Net Loss-₹92.1 Lakh
FY 2024
- EBITDA-₹13.59 Cr
FY 2024 · -32% margin
- Total Equity Funding$9.08M (USD)
in 10 rounds
- Latest Funding Round$13.39K (USD), Series A
Sep 2024
- InvestorsAmazon
& 45 more
- Employee Count1
Associated legal entities of Solethreads
Solethreads operates through Summersalt Lifestyle Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Summersalt Lifestyle Private Limited CIN U18109HR2020PTC107955 | Active | 17 Mar 2020 | Gurgaon, Haryana | ₹42.6 Cr | – | 3 | View details |
Products & Services of Solethreads
Solethreads offers a comprehensive portfolio of products and services, including Sneakers, Flip-flops, Slides, Sandals, and Clogs.
Athletic shoes designed for comfort and style in daily activities
Casual sandals providing easy wear and next-level comfort
Slip-on shoes ideal for casual outings and relaxation
Open footwear for versatile use in warm weather
Waterproof shoes offering practical style for rainy conditions
Apps and channels of Solethreads
its YouTube channel Solethreads has 945 subscribers and 4 videos.
Videos from Solethreads
The most watched videos on Solethreads's YouTube channel, Solethreads (945 subscribers). Click a video to play it here.
More on Solethreads .
Funding Insights of Solethreads
Solethreads has successfully raised a total of $9.08M across 10 strategic funding rounds. The most recent funding activity was a Series A round of $13.39 thousand completed in September 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 $9.08M
- Total Rounds 10
- Last Round Series A — $13,389
- First Round $260,976
(Aug 2013)
- Investors Count 46
All 10 funding rounds of Solethreads with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2024 | $13,389 | Series A | $17.3M | Stride Ventures | – |
| Jun 2023 | $3.8M | Series A | $17.7M | Fireside Ventures | |
| Sep 2022 | $100,000 | Grant | – | – | |
| Jul 2022 | $2M | Series A | $••••• | Saama Capital, DSG Consumer Partners | |
| Nov 2021 | $39,422 | Series A | $••••• | Alteria Capital | – |
| Nov 2021 | $332,965 | Debt – Venture | – | – | |
| Mar 2021 | $1.78M | Series A | $••••• | DSG Consumer Partners, Saama Capital | |
| Mar 2017 | $897,840 | Series A | – | – | |
| Jun 2015 | $282,042 | Angel Round | – | – | |
| Aug 2013 | $260,976 | Angel Round | – | – |
| Date | Valuation | Stage |
|---|---|---|
| Sep 2024 | $17.3M | •••••••• |
| Jun 2023 | $17.7M | •••••••• |
| Jul 2022 | $••••• | •••••••• |
| Nov 2021 | $••••• | •••••••• |
| Mar 2021 | $••••• | •••••••• |
Full valuation and stage history of Solethreads
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $17.3M (Sep 2024). 46 investors in total: 8 institutional and 38 angel.
Investors in Solethreads
Solethreads has secured backing from 46 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Amazon, Alteria Capital and SIDBI Venture Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture debt is provided to growth-stage companies for business scaling. | – | strideventures.global | Delhi, India | |
Early-stage consumer brand companies are invested in by Fireside Ventures. | – | firesideventures.com | Bengaluru, India | |
Investing in and supporting insurgent consumer brands in India and Southeast Asia. | – | dsgcp.com | - | |
Venture capital investments and partnerships in diverse sectors. | 2012 | saama.vc | Bengaluru, India | |
Venture debt funding and structured finance for innovative startups in India. | 2018 | alteriacapital.com | Mumbai, India | |
Venture capital management for SMEs and startups in India. | 1999 | sidbiventure.co.in | Mumbai, India | |
Venture capital investments are made in innovative startups. | – | saamacapital.vc | Bangalore, India | |
Multi-category products are offered through an online marketplace. | 1994 | amazon.com | Seattle, United States | |
DN Dhaval Nalin Parikh | - | – | unknown_7be3eda396f649359 | - |
NN Nihir Nalin Parikh | - | – | unknown_47a53cd312b540b38 | - |
Investor details for Solethreads
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Summersalt Lifestyle Private Limited (Solethreads)
Summersalt Lifestyle Private Limited is the primary company behind Solethreads. The board of Summersalt Lifestyle Private Limited currently have 3 directors; the longest-serving is Gaurav Chopra, appointed in 2020. 7 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Gaurav Chopra DIN 08725755 | Director | 17 Mar 2020 | 6 yrs 6 mo | Summersalt Lifestyle Private Limited |
| Sumant Kakaria DIN 08725756 | Director | 17 Mar 2020 | 6 yrs 6 mo | Summersalt Lifestyle Private Limited |
| Tauseef Ahmad Mirza DIN 00049037 | Director | 22 Dec 2025 | 9 mo | Summersalt Lifestyle Private Limited |
People of Solethreads
3 people are tracked at Solethreads (2 in leadership, 1 in team); the tracked headcount is 1.
| Name | Role | Group |
|---|---|---|
| Co-Founder & Co-CEO | Leadership | |
| Co-Founder & Co-CEO | Leadership | |
Ketan Bhatt | Ecommerce Manager | Team |
Complete people profiles for Solethreads
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Solethreads
Figures of Summersalt Lifestyle Private Limited, the primary company behind Solethreads, for FY 2024. Revenue was ₹42.58 Cr (+75% year on year). Net loss was -₹92.1 Lakh. EBITDA was -₹13.59 Cr (-32% margin). Revenue has grown at a compounded annual rate of +53% over three years.
- ₹42.58 CrRevenue · FY 2024 · +75% YoY
- -₹92.1 LakhNet loss
- -₹13.59 CrEBITDA · -32% margin
- ₹1 LakhPaid-up capital
- +53%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Summersalt Lifestyle Private Limited are on its company page.
Detailed financial statements for Solethreads
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Solethreads
3 dated milestones of Solethreads across 11 years, from founding to its latest funding, stage changes and deals.
- Funding First funding round of $261K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series A, of $13K.
Web traffic of Solethreads
The website of Solethreads (solethreads.com) receives about 15.3K visits a month.
- Monthly visits15.3K
▼ 38.1% vs previous month
Websites whose visitors overlap most with Solethreads. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
fashionara.com | fashionara.com | 100% | – | – | – |
| myntra.com | 88% | 113.8M | #236 | View details | |
| thealternate.in | 85% | 26.2K | #885,588 | View details | |
| zovi.com | 84% | – | – | View details | |
| shoesensation.com | 83% | 360K | #55,024 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 39 similar websites and full traffic analytics for Solethreads
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 39 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Latest news on Solethreads
Complete news archive for Solethreads
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.
Similar companies to Solethreads
10 companies that operate in the same segment as Solethreads (Fashion & Lifestyle E-Commerce), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Eyewear is offered online for men, women, and kids. | 2010 | Gurugram, Haryana, India | USD 1.08 B | USD 939.4 M | – | |
Fashion and lifestyle products are offered via an online marketplace. | 2007 | Bengaluru, Karnataka, India | USD 123.71 M | USD 542.17 M | 1,108 | |
Gold and silver jewellery, lab-grown diamonds, and accessories are retailed. | 2019 | Bengaluru, Karnataka, India | USD 142.34 M | USD 32.66 M | 711 | |
Photo editing and sharing apps are developed by Meitu. | 2008 | Xiamen, Fujian, China | USD 525 M | USD 536.99 M | 2,420 | |
Subscription-based jewelry is provided by digital-first brand BlueStone. | 2011 | Bengaluru, Karnataka, India | USD 254.97 M | USD 259.64 M | 3,210 | |
Men's fashion apparel is offered online by Bonobos. | 2007 | New York, New York, United States | USD 127.67 M | – | – | |
Metabolic health is tracked via devices and fitness platforms. | 2019 | Bengaluru, Karnataka, India | USD 163.28 M | USD 65.48 M | 274 | |
Pre-owned fashion products are sold via an online marketplace. | 2008 | Vilnius, Lithuania | USD 872.04 M | – | – | |
Online rental platform offering multi-category fashion products and accessories | 2009 | New York, New York, United States | USD 326.35 M | USD 306.2 M | 850 | |
Customizable smart lock screen experiences are developed for mobile devices. | 2019 | Bengaluru, Karnataka, India | USD 390 M | – | – |
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Frequently Asked Questions about Solethreads
Solethreads is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Gaurav Chopra is the current CEO of Solethreads. They have also founded this company.
Solethreads is a funded company, having raised a total of $9.08M across 10 funding rounds to date. The company's 1st funding round was a Angel Round of $260.98K, raised on Aug 2013.
Solethreads has 1 employees.
The primary company behind Solethreads, Summersalt Lifestyle Private Limited, reported revenue of ₹42.58 Cr for FY 2024, up 75% year on year.
An online platform is operated from Gurugram, India, in the e-commerce sector focused on footwear and accessories. Selections of shoes and complementary items are curated for style and comfort, targeting consumers interested in quality options. The business is co-led by founders Gaurav Chopra and Sumant Kakaria, with operations centered on providing thoughtfully assembled product ranges.
Solethreads offers Sneakers, Flip-flops, Slides, Sandals, and Clogs.
Solethreads has 46 investors. Key investors include Amazon, Alteria Capital, SIDBI Venture Capital, Saama Capital, and Stride Ventures.
The valuation of Solethreads is $17.3M as of Sep 2024.
Solethreads operates through Summersalt Lifestyle Private Limited.
The legal entities of Solethreads currently have 3 directors, including Tauseef Ahmad Mirza, Gaurav Chopra, Sumant Kakaria.