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Hyderabad-based footwear brand Neeman’s recorded 38% year-on-year increase in revenue, to Rs 108 crore in FY25, up from Rs 78.5 crore in FY24, according to the financial statements sourced from Registrar of Companies (RoC).
Neeman’s Financials
Revenue from operations accounted for nearly 98% of the total income at Rs 105 crore in FY25, compared to Rs 77 crore in FY24. The company also recorded Rs 2.8 crore under other income during the fiscal year.
The purchase of stock in trade remained the company’s largest expense in FY25, raising to Rs 55.4 crore, making 42% of the total expense in FY25, compared to Rs 42.5 crore in FY24. Employee benefit expense registered a modest year-on-year increase to Rs 12.9 crore in FY25, up from Rs 12 crore in FY24.
Finance costs and depreciation expenses stood at Rs 3.1 crore and Rs 1 crore, respectively, in FY25. Marketing expenditure remained largely unchanged at Rs 28.63 crore in FY25 versus Rs 28.54 crore in FY24. Transportation cost increased by 26%, to Rs 13.5 crore in FY25, up from Rs 10.7 crore in FY24. Overall, total expenditure increased 21% to Rs 130.7 crore in FY25, up from Rs 108 crore in FY24.
Neeman’s narrowed its net loss by 21% to Rs 23 crore in FY25, compared to Rs 29.2 crore in FY24. On a unit basis, the company spent Rs 1.24 to earn every rupee of revenue in FY25, improving from Rs 1.40 in the previous fiscal year.
About Neeman’s
Founded in 2018 by brothers Taran Chhabra and Amar Preet Singh, Neeman’s is an Indian footwear brand focused on comfort-driven and sustainable products. The company uses eco-friendly materials such as Australian Merino wool, recycled PET bottles, and organic cotton in its offerings.
Neeman’s provides a diverse range of footwear for men and women, including sneakers, slip-ons, loafers, and sandals, designed primarily for everyday wear. The brand is regarded as an early adopter of naturally renewable and recycled fibres in the Indian footwear segment.
Neeman’s Funding
In March 2020, Neeman’s raised $1 million (Rs 7 crore) in a pre-Series A round led by Anicut Angel Fund along with other angel investors. In May 2021, the company secured Rs 20 crore ($2.7 million) in a Series A round led by Sixth Sense Ventures. In June 2022, it raised nearly Rs 40 crore ($5.15 million) in a Series B round, again led by Sixth Sense Ventures.
In December 2025, the company raised Rs 35.5 crore in a Series B2 round led by SNAM Solutions. To date, Neeman’s has raised over $17 million (approximately Rs 140 crore) in total funding.