# Arken enterprises Pvt

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/arken-enterprises-pvt

- Industry: Consumer Products
- Headquarters: Mumbai, India
- Website: www.desihangover.com
- Total disclosed funding: $0.2M
- Latest round: Seed (Mar 30, 2022)
- Investors on record: 3

## About

Based in Maharashtra, India, and co-founded by Hitesh Kenjale (CEO), Lakshya Arora, and Abha Agarwal in 2014, Arken Enterprises Pvt Ltd doing business as DesiHangover USA operates as a developer of footwear using an age-old vegetable tanning process. In March 2022, the firm raised INR 13.55 million in seed funding led by investors Centre for Innovation, Incubation and Entrepreneurship, Social Alpha, and Be An Angel Network.

The company offers 800-year old-craft-based handcrafted footwear made by over 140 artisan families, and upcycling over 100,000 square feet of leather from landfills. DesiHangover offers a range of crafting comfortable, and breathable footwear for both men and women. The list of products offered by the firm includes loafers, slides, mules, etc. with additional features such as flat-foot-friendly designs, blister-resistant materials, and anti-slip outsoles.

The company generates its revenue by offering men's footwear like Hola Men at USD 99.90, Daily at USD 89.90, etc., and women's footwear like Belle at USD 74.90, Hola Women at USD 74.90, etc.

The company plans to utilize its March 2022 funding to hire new employees, bolster its business-to-consumer clientele and business-to-business network as well as expand across product categories and conduct research and development.

## Funding rounds

- Seed, Mar 30, 2022, $0.2M — IIMA Ventures, Social Alpha, Be An Angel Network

## Investors

- IIMA Ventures (https://capitalatlas.ai/funds/iima-ventures) — Seed
- Social Alpha (https://capitalatlas.ai/funds/social-alpha) — Seed
- Be An Angel Network — Seed