Founder · Comet

Utkarsh Gupta

Co-founder of Comet, a footwear company based in Bengaluru.

Co-founderBengaluruFootwear
Founded
2023
Bengaluru, India
Raised to date
₹141.1 crore
2 rounds on record
Latest round
Series B
₹98.75 crore · September 2026
Team
51–200

About

Utkarsh Gupta is Co-founder of Comet, a footwear company based in Bengaluru, founded in 2023. Comet's most recent disclosed round was a funding round of ₹98.75 crore in September 2026.

Compiled from StartupFox records · updates as coverage is published

Company

Est. 2023
Comet
Footwear · Bengaluru · 51–200 people · Active

Comet is a Bengaluru homegrown lifestyle sneaker brand selling unisex sneakers and slides designed for Indian feet, built on a proprietary SpaceWalk EVA sole with a wider toe box. Its X Lows and Aeon lines sit at around ₹4,299, deliberately positioned between sub-₹2,000 local footwear and ₹10,000-plus global brands. Founded in 2023 by Utkarsh Gupta and Dishant Daryani, it grew through limited cultural drops rather than celebrity marketing, selling mainly through its own site before expanding to Myntra and multi-brand sneaker stockists.

Funding
September 2026Series B₹98.75 croreVerlinvest (lead), Elevation Capital, Nexus Venture Partners, Abhiraj Singh Bhal, Bhaane Retail, Ajit Mohan
July 2024Series A₹42.3 croreElevation Capital (lead), Nexus Venture Partners, AngelList India
Company profile →2 rounds on record

Journey with Comet

2 milestones
  1. 2023Founded

    Founded by Utkarsh Gupta and Dishant Daryani, who had worked between them at Hotstar and Urban Company, to sell India-designed sneakers priced between budget local footwear and global brands.

  2. Jul 2024Funding

    Raises a ₹42.3 crore Series A led by Elevation Capital at ₹8,445 per share, valuing the brand at about ₹167 crore post-money.

Also building Comet

DDDishant DaryaniCo-founder→

Coverage

1 story
Funding · 2 Sept 2026 · 5 min read
Comet Is Raising ₹99 Crore at 3.2X, About ₹50 Crore Less Than It Went Looking For