India, Jan. 12 -- D2C footwear brand Neeman's has raised $4 Mn (around INR 35 Cr) in its Series B2 funding round led by SNAM Group, via its investment arm SNAM Solutions.

While SNAM Group invested INR 16 Cr, existing investors Anicut Capital, ENAM Investments and Sharrp Ventures also participated in the round.

The startup plans to use the fresh capital to expand its offline footprint by adding more stores, and strengthen its online operations. It also aims to improve supply chain efficiency as it scales.

Neeman's claims to be on track to close FY26 with a revenue of around INR 180 Cr, while targeting INR 500 Cr in annual revenue over the next two years, driven by store expansion and higher repeat demand.

Founded in 2017 by Taranjeet S...