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Rapawalk Collects INR 2.4 Crore in Angel Funding Round

The online footwear company said that it will be using the garnered capital to hire experienced professional to fortify its business
BY BEx Bureau
BusinessEx
Apr 18, 2019

Rapawalk, an online Indian footwear brand, has gathered INR 2.4 crore in its round of funding from angel investors, said the company in its statement, as reported by the Indian daily news, VC Circle.

The list of angel investors who participated in the angel funding round are Ravi Garikpati, former CTO of Flipkart, Sanjay Ramakrishnan, Ex-Marketing Chief of Myntra and Raveen Sastry, a joint founder of Myntra, Rapawalk said in the statement.

The online footwear company said that it will be using the garnered capital to hire an experienced professional to fortify its business.

Rapawalk permits customers to purchase personalized styles in footwear in accord with their feet size, comfort and width through the help of a 3D configurator. IIM-Ahmedabad graduates, Kashif Mohammad and Aravind Maddireddy founded the company in 2018.

Each and every pair of shoes that come from Rapawalk is the outcome of learnings from years of working as an original equipment manufacturer making leather shoes for global brands, deep understanding of footwear-specific technology, combined with the skills of local and international artisans, Mohammad and Maddireddy, the founders, said.

Currently, Rapawalk offers online services to customers but it plans to widen the business and began offline stores for customers.

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