# Solethreads

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/solethreads

- Industry: Internet
- Headquarters: New Delhi, India
- Website: www.solethreads.com
- Total disclosed funding: $3.9M
- Latest round: Series A (Jul 7, 2022)
- Investors on record: 3

## About

Solethreads is an ecommerce platform that facilitates the creation and management of online stores, catering to a diverse clientele looking to enhance their digital sales capabilities.Founded in 2018 in New Delhi, India, Solethreads specializes in ecommerce solutions for businesses. The company has engaged in three funding rounds, with the most recent being a Series A round in July 2022, raising INR 160 mn from DSG Consumer Partners and Saama Capital. The founders, Gaurav Chopra and Sumant Kakaria, continue to lead the company, which has reached a valuation of INR 1,628.837 mn.Solethreads provides a comprehensive ecommerce platform enabling businesses to operate their online stores efficiently. Their core offerings include website building tools, payment processing, and inventory management systems, aimed at enhancing the online selling experience for various industries, including retail and fashion. The platform serves businesses of all sizes globally, with significant user bases in North America, Europe, and Asia-Pacific.In the most recent fiscal year, Solethreads reported a revenue of INR 2,929,836.80 and an EBITDA of INR -1,265,570.90, operating primarily on a subscription-based model that allows clients to access a range of ecommerce services tailored to their needs.Following the Series A funding round in July 2022, Solethreads plans to utilize the INR 160 mn raised to develop its sneaker manufacturing capabilities gradually. The company is targeting expansions into new geographic markets, with specific focus areas to be defined in the near future. There are also plans for new product launches that align with market demands, although specific release dates have yet to be announced.

## Funding rounds

- Series A, Jul 7, 2022, $2M — Saama Capital, DSG Consumer Partners
- Series A, Apr 6, 2021, $1.8M — Saama Capital, DSG Consumer Partners, Alteria Capital

## Investors

- Saama Capital (https://capitalatlas.ai/funds/saama-capital) — Series A
- DSG Consumer Partners (https://capitalatlas.ai/funds/dsg-consumer-partners) — Series A
- Alteria Capital (https://capitalatlas.ai/funds/alteria-capital) — Series A