Comet Secures $10.2 Million in Latest Series B Funding Round

Comet secured $10.2 million in its latest Series B, adding another data point to the FinTech funding market.

Comet Raises $10.2 million in Funding

IMAGES Business of Fashion Bureau By IMAGES Business of Fashion Bureau Share FacebookLinkedinWhatsAppEmail Comet, the Bengaluru-based D2C sneaker brand, is raising Rs 98.75 crore (around $10.2 million) in a round led by new investor Verlinvest, with participation from existing backers Elevation Capital, Nexus Venture Partners and others, as per media reports. Founded in 2023 by Utkarsh Gupta and Dishant Daryani, Comet is a lifestyle sneaker brand offering sneakers and slides for men and women, focused on India-inspired, fashion-forward designs, and operates primarily through its own platform.

Investors Behind the Funding

The round was backed by Verlinvest. Capvizr tracks this investor activity alongside sector momentum, co-investor patterns, and recent comparable raises.

Company Profile and Market Context

Comet operates in FinTech. Comet's financing adds to recent private-market activity.

Strategic Use of Funds

Deploy the fresh capital towards working capital requirements, capital expenditure and general corporate purposes.

Looking Ahead

Comet Raises Rs 98.75 Crore in Series B Funding

Source reference: original announcement/article.