# Flathead Designs Private

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/flathead-designs-private

- Industry: Consumer Products
- Headquarters: Bangalore, India
- Website: www.flatheads.in
- Total disclosed funding: $0.6M
- Latest round: Seed (May 7, 2022)
- Investors on record: 3

## About

Flathead Designs Private Limited, based in Bangalore, India, specializes in the design and production of environmentally friendly casual footwear, focusing on innovative, sustainable materials.Founded in 2018, Flathead Designs Private Limited creates stylish footwear using natural materials. The company has recently raised INR 5.010 mn in a SEED funding round on July 17, 2023, from notable investors including Financial Ventures Group and SeaLink Capital Partners. As of now, the company has raised a total of INR 5.010 mn with a current valuation of INR 297.893 mn. The founder, Utkarsh Biradar, has a background in launching startups focused on sustainable fashion.Flatheads specializes in producing environmentally friendly casual footwear, notably the innovative linen sneakers crafted from natural materials such as bamboo and banana fiber. The company aims to revolutionize the footwear industry by offering products that are not only comfortable and lightweight but also sustainable, using 60% less water in their manufacturing processes compared to traditional methods. Their core offerings cater to the new generation, who seek footwear solutions that fit a modern lifestyle, from professional settings to casual meet-ups.Flatheads operates on a direct-to-consumer sales model through its online platform, facilitating transactions that emphasize customer engagement and sustainability. The revenue for the most recent year, 2023, amounted to INR 193,234.50. The company reported an EBITDA of -INR 384,289.20 for the same year, primarily stemming from sales of its flagship products, including the Retro+, Nostalgia Chic Sneak, and Luft Linen Sneakers, designed to meet the diverse needs of eco-conscious customers.Following its acquisition by Styched in July 2023, Flathead Designs aims to broaden its product assortment to better cater to the young demographic. Future growth strategies include the launch of new footwear lines that incorporate advancements in sustainable fashion. The recent funding will support these initiatives, focusing on expanding market reach into international territories beyond India, thus appealing to a global audience interested in eco-friendly footwear.

## Funding rounds

- Seed, May 7, 2022, $0.1M — SeaLink Capital Partners, Financial Ventures Group
- Seed, Apr 25, 2019, $0.5M — SeaLink Capital Partners, Vistra ITCL, Financial Ventures Group

## Investors

- SeaLink Capital Partners (https://capitalatlas.ai/funds/sealink-capital-partners) — Seed
- Vistra ITCL — Seed
- Financial Ventures Group — Seed