An undisclosed pre-seed from Palette Wealth Management at ₹20 crore post-money, Indian Walker's first institutional round. Without a round size, the valuation says what a slice is worth but not how…
Md. Sakib founded the brand in July 2025 after driving for Rapido in Delhi during the pandemic and finding no bag that survived the commute while looking like something he wanted to carry.
Most of the money goes into inventory, which suits the category: a backpack has no sizes, so one design is one SKU, and unsold stock does not expire or date the way apparel does.
The ₹100 crore ARR target within 24 months implies roughly 33,000 bags a month at current prices, against 10,000 units of its lead product since launch.
Its real competition is Wildcraft, Skybags and American Tourister rather than the streetwear brands it is listed alongside, and those incumbents are strongest exactly where a young brand is weakest.
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