Comet
Comet is expanding its store network, opening its first Chennai store at Express Avenue on 10 October 2026 as a sixth city, after a ₹100 crore Series B led by Verlinvest targeting 20 stores by the end of FY27 (Entrackr, 4 Sept). Post-drop sales of its Dilli sneaker at ₹6,299 are routed to its three Delhi stores (IMAGES Business of Fashion, 23 Sept).
What it means
Comet's revenue is well ahead of its loss, but its new stores and sharper entry prices still run at a loss.
Reported: Net loss of ₹4.39 cr on revenue of ₹29 cr in FY25. Entrackr,
- Affected
- Comet's apparel vendors and fabric mills — credit risk on every invoiceDo now: keep it on short payment terms until its next results: a partner losing that much a year prices for growth, not your margin.
Latest moves
Our read of each move first, where we have one; what the report said is marked Reported.
- Reported: Comet’s ₹100 crore Series B gives the D2C sneaker brand capital to scale its physical footprint from 10 near-term stores to 20 by FY27 while funding product and technology upgrades.Reported: Bengaluru-based D2C sneaker brand Comet has raised a ₹100 crore Series B led by Verlinvest. The company plans to invest in store expansion, product development and technology, targeting 10 stores this month and 20 by the end of FY27.Watch:
- Reported: Comet’s Series B gives the footwear brand fresh capital to expand its product pipeline, retail footprint and customer acquisition in a competitive market.Reported: Bengaluru-based footwear startup Comet has raised ₹98.75 crore in Series B funding.Watch:
- Reported: Comet's multi-city retail buildout in mall locations positions the homegrown label as a potential consolidation or partnership target in India's fast-growing sneaker segment.Reported: Homegrown sneaker label Comet has expanded its offline footprint with a new outlet at Vegas Mall in Dwarka, New Delhi.Watch:
Footprint: where Comet opened
2 store openings in 1 city on record since May 2026.
- Chennai1 opening
Background
From 6 stories, the newest dated 23 Sept 2026. Summary written 3 Oct 2026. Newer developments are under Latest moves.
Comet is a Bengaluru-based direct-to-consumer sneaker brand.[1] source: Entrackr
Show 3 more paragraphs and 6 sources
Its offline footprint includes outlets in Ahmedabad, New Delhi, Hyderabad and Bengaluru.[2] source: Retail4Growth It has three Delhi stores.[3] source: IMAGES Business of Fashion
In September 2026, Comet raised a Rs 100 crore Series B led by Verlinvest, to expand retail, product development and technology.[1] source: Entrackr Apparel Resources India reported the round at Rs 98.75 crore, with Verlinvest contributing Rs 61.73 crore.[4] source: Apparel Resources India Entrackr put the estimated valuation at Rs 535 crore, against Rs 167 crore post-money after the 2024 Series A.[1] source: Entrackr[5] source: Entrackr Comet targets 10 stores this month and 20 by FY27.[1] source: Entrackr In September 2026 it launched Dilli, a limited-edition sneaker priced at Rs 6,299, with the first 100 pairs sold online and later availability at its three Delhi stores.[3] source: IMAGES Business of Fashion In July 2026 it opened a store at Vegas Mall, Dwarka.[2] source: Retail4Growth[6] source: IMAGES Business of Fashion
Existing backers Elevation Capital and Nexus Venture Partners also participated in the Series B.[4] source: Apparel Resources India Comet has four current footwear models and plans eight by end of next year.[1] source: Entrackr The funds will also support working capital, capex and corporate purposes.[5] source: Entrackr
Sources
Questions about Comet
What are Comet's expansion plans?
Comet opened a store at Vegas Mall, Dwarka, in July 2026, adding to outlets in Ahmedabad, New Delhi, Hyderabad and Bengaluru. After its September 2026 Series B, it targets 10 stores this month and 20 by FY27.[1] source: Entrackr[2] source: Retail4Growth[6] source: IMAGES Business of Fashion
Where and when is Comet opening new stores?
Comet opened a new store on the first floor of Vegas Mall in Dwarka, New Delhi, in July 2026.[2] source: Retail4Growth[6] source: IMAGES Business of Fashion
What is Comet's current strategy in India?
In September 2026 Comet raised a Rs 100 crore Series B to expand retail, product development and technology, and targets 10 stores this month and 20 by FY27.[1] source: Entrackr It also launched the Rs 6,299 Dilli sneaker in September 2026,[3] source: IMAGES Business of Fashion and opened a Vegas Mall, Dwarka store in July 2026.[2] source: Retail4Growth
Stories that mention Comet
1 story
Comet is named in these stories but is not their subject.