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 as of June 29, 2024. Solethreads offers products and services including Sneakers, Flip-flops, Slides, Sandals, and Clogs.
- Headquarter Gurugram, India
- Employees 1 as on 29 Jun, 2024
- Founders Gaurav Chopra, Sumant Kakaria
- Stage Minicorn
-
Sectors
Retail
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Summersalt Lifestyle Private Limited
- Date of Incorporation 17 Mar, 2020
- Jurisdiction Gurgaon, Haryana, India
-
Annual Revenue
$2.92 M (USD)55.4as on Mar 31, 2023
-
Net Profit
$-995.63 K (USD)-38.01as on Mar 31, 2023
-
EBITDA
$-1.31 M (USD)-51.13as on Mar 31, 2023
-
Total Equity Funding
$9.08 M (USD)
in 10 rounds
-
Latest Funding Round
$13.39 K (USD), Series A
Sep 05, 2024
-
Investors
Amazon
& 45 more
-
Employee Count
1
as on Jun 29, 2024
-
Acquired by
(Mar 30, 2026)
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 Solethreads
Solethreads offers a comprehensive portfolio of products and services, including Sneakers, Flip-flops, Slides, Sandals, and Clogs. 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.
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
Unlock access to complete
Unlock access to complete
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 Total Funding
- Total Rounds 10
- Last Round Series A — $13,389
-
First Round
First Round
(23 Aug 2013)
- Investors Count 46
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2024 | Amount | Series A - Solethreads | Valuation | Stride Ventures |
|
| Jun, 2023 | Amount | Series A - Solethreads | Valuation | Fireside Ventures | |
| Sep, 2022 | Amount | Grant - Solethreads | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. 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 |
|---|---|---|---|---|
|
Venture debt is provided to growth-stage companies for business scaling.
|
Founded Year | Domain | Location | |
|
Early-stage consumer brand companies are invested in by Fireside Ventures.
|
Founded Year | Domain | Location | |
|
Investing in and supporting insurgent consumer brands in India and Southeast Asia.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Solethreads
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Solethreads
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Solethreads Comparisons
Competitors of Solethreads
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Solethreads
Frequently Asked Questions about Solethreads
Where is Solethreads located?
Solethreads is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Who is the current CEO of Solethreads?
Gaurav Chopra is the current CEO of Solethreads. They have also founded this company.
Is Solethreads a funded 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 Grant of $100K, raised on Aug 23, 2013.
How many employees does Solethreads have?
As of Jun 29, 2024, the latest employee count at Solethreads is 1.
What is the annual revenue of Solethreads?
Annual revenue of Solethreads is $2.92M as on Mar 31, 2023.
What does Solethreads do?
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.
What products or services does Solethreads offer?
Solethreads offers Sneakers, Flip-flops, Slides, Sandals, and Clogs.
Who are Solethreads's investors?
Solethreads has 46 investors. Key investors include Amazon, Alteria Capital, SIDBI Venture Capital, Saama Capital, and Stride Ventures.
What is Solethreads's valuation?
The valuation of Solethreads is $17.3M as of Sep 2024.