Sneaker brand Comet raises Rs 100 Cr in Series B led by Verlinvest

Homegrown sneaker brand Comet has raised Rs 100 crore in a Series B round led by Verlinvest, with participation from Elevation Capital, Nexus Venture Partners, and a group of startup founders. The company said it will use the funding to expand its retail footprint, strengthen product development, and build its technology capabilities. It also plans to invest in R&D to develop proprietary sole designs and the tooling needed to bring new footwear models to market.