Archive · 28 Jan 2026
Gully Labs Secures Rs 175-Crore Valuation on Shark Tank India
Gully Labs is a company that makes special sneakers.
They went on a TV show called Shark Tank India to ask for money to grow their business.
They showed their sneakers and told their story.
The sharks liked their shoes but thought the company was worth less than the founders asked.
After a lot of talking, they made a deal with one shark named Aman Gupta.
He gave them Rs 1 crore for a small part of the company, making it worth Rs 175 crore.
Gully Labs sells shoes for Rs 5,000 to Rs 15,000 and has stores in India and sells in other countries too.
They make their shoes by hand and want to make Rs 100 crore in sales by 2028.
They spend a lot on marketing and are still making losses, but they believe in their brand and its potential.
Gully Labs secured Rs 1 crore investment from Aman Gupta for 0.57% equity, valuing the company at Rs 175 crore on Shark Tank India.
The company's revenue grew from Rs 20 lakh in FY24 to Rs 2.9 crore in FY25, with a loss of Rs 1 crore.
Gully Labs' sneakers are priced between Rs 5,000 and Rs 15,000, with 25% of revenue coming from international markets.
The company has high marketing costs (35% of revenue) and is targeting Rs 100 crore in revenue by FY28.
Founders Arjun Singh and Animesh Mishra emphasized the brand's focus on value and cultural positioning over affordability.
- Who
- Gully Labs, a footwear startup, and its founders Arjun Singh and Animesh Mishra
- What
- Secured an investment of Rs 1 crore for 0.57% equity, valuing the company at Rs 175 crore on Shark Tank India
- When
- During the latest season of Shark Tank India
- Where
- On the Shark Tank India show and in their Noida facility and stores across India
- Why
- To scale the business and achieve a target revenue of Rs 100 crore by FY28
- Company
- Gully Labs
- Founders
- Arjun Singh, Animesh Mishra
- Investor
- Aman Gupta (Boat co-founder)
- Investment Amount
- Rs 1 crore
- Equity Offered
- 0.57%
- Valuation
- Rs 175 crore
- FY24 Revenue
- Rs 20 lakh
- FY25 Revenue
- Rs 2.9 crore
- FY25 Loss
- Rs 1 crore
- Gross Margins
- 56%
- Marketing Spend
- 35% of revenue
- International Sales
- 25% of revenue
- Target Revenue (FY28)
- Rs 100 crore