<ul><li>Sneaker startup Gully Labs has raised Rs 8.7 crore in seed funding to expand its product portfolio and distribution footprint.</li><li>The funding round included Rs 7.6 crore in equity and Rs 1.1 crore in venture debt, led by Zeropearl VC.</li><li>Founded in 2023, Gully Labs blends Indian design traditions with modern craftsmanship, targeting an affluent, urban consumer base.</li><li>The startup plans to use the funding to grow its product line, open exclusive retail stores, and deepen its presence in India’s fashion-forward metro markets.</li></ul>

Sneaker brand Gully Labs raises Rs 8.7 crore in a seed funding round

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