Footwear brand Yoho has secured Rs 27 crore (around $3.2 million) in a pre-Series B round led by Gulf Islamic Investments (GII).
Other investors in the round include Rajeev Misra (CEO, SoftBank Investment Advisers), Vijay Shekhar Sharma (CEO, Paytm), Rukam Capital, and Pankaj Chaddah (Founder, Shyft).
The funding will be used for R&D and other initiatives to drive innovation and expansion.
Yoho has sold over a million pairs of shoes and distributes its products through its website and e-commerce platforms like Amazon, Flipkart, and Myntra.