Footwear brand Inc.5 Shoes Receives Series A Funding From Carpediem Capital

The Mumbai-based venture firm Carpediem Capital led a $10 million (about Rs 83 crore) venture fundraising round for the historic footwear business Inc.5 Shoes

According to Amin Virji, general director of Inc.5, the company receives roughly 14% of its total sales from online channels.

The company plans to open 100 stores by March 2024 and then add 40–50 more each year after that.