Footwear Brand JQR Raises $25 Mn Funding From Venturi Partners

JQR (Just Quick Run), a mid-segment sports and lifestyle footwear brand, has raised $25 million in funding from Singapore-based investment firm Venturi Partners.

This is JQR's first venture capital investment, with Venturi acquiring a minority stake, the amount of which has not been disclosed.

The fresh funding will help the startup to expand its offline presence in new markets, set up an online platform and improve its product offerings to meet india's growing demand for affordable, high-quality sneakers.

Venturi Partners aims to support JQR not only with funding but also with strategic advice, help the company to grow efficiently while staying true to its brand, according to the company’s release.

Read also- Cogniquest AI Bags $1.2Mn Seed Funding Led By Cedar IBSI Capital

“The partnership with Venturi Partners marks an exciting milestone in JQR’s journey. The investment will not only allow us to accelerate our growth and deliver value to our consumers, but, with their support and expertise, we are also confident that JQR will emerge as the leading brand in its category and deliver strong value to all stakeholders,” said a joint statement by JQR promoter brothers Rinku, Sunil, and Manish Garg.

“The footwear industry is seeing strong support from government policies, and we believe there is a significant gap in the price segment that JQR operates in. India’s consumer market continues to have a dearth of high-quality, affordable brands, and our mission at Venturi is to identify and scale such businesses across categories," said Rishika Chandan, Managing Director of Venturi Partners. 

"JQR has impressed us with its product quality, design aesthetic, in-house manufacturing and well-established distribution network.We look forward to working closely with the founders to accelerate their growth trajectory,” she added.

Founded in 2020 by Venturi Partners is an investment platform focused on Asia, helping consumer-facing businesses build disruptive brands in India and Southeast Asia. Its current portfolio includes Livspace, Country Delight, Believe, Pickup Coffee, DALI, and K-12 Techno.

About JQR

Founded in 2014, JQR operates in india's $12 billion affordable footwear market, focusing on in-house design, vertical manufacturing and offline distribution.

Startup Funding News: Your Gateway to Every Funding Update.

Latest Startup News: Stay updated with the latest startup news and trends. Your go-to source for startup ecosystem updates.

Startup Stories: Discover inspiring tales of startups overcoming challenges and achieving success.