Sneaker brand Gully Labs has raised Rs 26.5 crore ($3 million) in its Series A round, led by Saama Capital, with participation from seed round investor Zeropearl and other individual investors.
The board at Gully Labs has passed a resolution to issue 10 equity shares and 31,925 Series A compulsorily convertible preference shares (CCPS) at an issue price of Rs 8,301 per share, aiming to raise Rs 26.50 crore, as per its regulatory filing with the Registrar of Companies (RoC).
Saama Capital led the round with an investment of Rs 22.6 crore, while…

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