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Footwear startup Yoho bags Rs 27 crore, eyes offline and international expansion

Economic TimesEconomic Times Ā· 1m
Footwear startup Yoho bags Rs 27 crore, eyes offline and international expansion

Indian footwear startup Yoho has secured INR 27 crore (approximately $3.6 million USD) in a funding round led by Gulf Islamic Investments. The round also saw participation from Rukam Capital, as well as angel investors such as SoftBank Investment Advisers CEO Rajeev Misra, Paytm CEO Vijay Shekhar Sharma, and Shyft founder Pankaj Chaddah. Yoho plans to use the funds to support growth initiatives, research and development, marketing efforts, recruitment, and offline expansion. The startup, which offers a range of footwear products, aims to expand its offline presence, targeting partnerships with 2,000 multi-brand outlets in tier I and II cities in India. Yoho also plans to expand internationally to markets including the Middle East, Africa, and the US.

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