Comet has raised Rs 100 crore in a Series B round led by Verlinvest, with existing investors Elevation Capital and Nexus Venture Partners also increasing their stakes. The homegrown sneaker brand plans to use the funds to expand its retail footprint, develop new products and strengthen technology as it targets 20 stores by FY27.

Homegrown sneaker brand Comet secured Rs 100 crore in Series B funding. This investment was led by Verlinvest and included existing investors. The capital will fuel retail…

Comet will utilise the funding towards retail expansion, strengthening product development, and R&D to develop its own sole models.