D2C sneaker brand Comet raises Rs 100 Cr in Series B led by Verlinvest

•Comet, a D2C sneaker brand, raised Rs 100 Cr in Series B led by Verlinvest, with Elevation Capital and Nexus Venture Partners participating.

•The funding values Comet at Rs 535 Cr, a threefold jump from its post-money valuation after Series A in 2024.

•Comet plans to use the capital for retail expansion, product development, and technology capabilities, including research and development.

•The brand aims to expand its retail network to 20 stores by FY27, after growing its revenue ninefold since its previous fundraise.