![[Funding News] Footwear Brand Yoho Secures INR 27 Cr in Pre-Series B Round](https://viestories.com/wp-content/uploads/2024/10/Footwear-Brand-Yoho-Secures-INR-27-Cr-in-Pre-Series-B-Round.webp)
Footwear brand Yoho has secured Rs 27 crore (around $3.2 million) in a pre-Series B round led by Gulf Islamic Investments (GII). Rajeev Misra (CEO, SoftBank Investment Advisers), Vijay Shekhar Sharma (CEO, Paytm), Rukam Capital, and Pankaj Chaddah (Founder, Shyft) have also invested.
The money raised will be invested in R&D as well as other initiatives to promote the company’s innovation and expansion.
Read also – [Funding News] Giva Secures additional INR 255 Cr from Premji Invest, Epiq Capital, Others
Yoho declares it has sold over a million pairs of shoes since its start. In addition to its website, the business also sells its goods via e-commerce sites like Amazon, Flipkart, and, Myntra.
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