MUMBAI, INDIA, Feb 10, 2025 – (ACN Newswire) – Venturi Companions, a number one user fund in India and Southeast Asia, on the novel time announced a $25 million funding in JQR (Factual Quickly Bustle), a with out warning emerging impress within the cheap shoes segment. This marks the principle mission capital funding for JQR, with Venturi shopping an undisclosed minority stake.
Based in 2014, JQR is on the novel time, a extremely trusted impress in India’s $12 billion mid and economy priced shoes segment. With vertically constructed-in manufacturing, in-dwelling design capabilities and stable offline distribution, JQR repeatedly delivers excessive quality products at inexpensive designate aspects.
Rishika Chandan, Managing Director of Venturi Companions, commented: “We’re very angry to companion with JQR. The shoes industry is seeing stable make stronger from authorities policies, and we expect there could be a big gap within the associated charge segment that JQR operates in. India’s user market continues to grasp a dearth of excessive-quality, inexpensive brands, and our mission at Venturi is to establish and scale such companies across categories. JQR has impressed us with its product quality, design elegant, in-dwelling manufacturing, and properly-established distribution community. We take a seat up for working closely with the founders to tempo up their development trajectory.”
This funding will allow JQR to extra make greater its offline presence to novel markets as properly as start its on-line channel, and extra make stronger its product choices to meet India’s rising keep an reveal to for inexpensive, excessive-quality sneakers.
The promoter brothers of JQR, Rinku, Sunil and Manish Garg commented: “The partnership with Venturi Companions marks an exhilarating milestone in JQR’s amble. The funding is rarely any longer going to finest allow us to tempo up our development and ship designate to our customers, but, with their make stronger and abilities, we are also confident that JQR will emerge as the leading impress in its category and ship stable designate to all stakeholders.”
This funding is piece of Venturi Companions’ broader technique to empower plucky brands across sectors comparable to retail, education, healthcare, quick-transferring user items (FMCG) amongst others. Venturi Companions targets to make stronger JQR no longer appropriate with funding but additionally with strategic abilities, helping the company scale efficiently while staying suitable to its core impress identity. Venturi’s existing portfolio involves Livspace, Nation Pleasure, Think, Pickup Espresso, DALI, and Ample-12 Techno.
About Venturi Companions:
Based in 2020, Venturi Companions is an Asia-focused funding platform that permits user-facing companies construct disruptive brands in India and Southeast Asia. The firm presents development funding to user-centric, reason-pushed brands, with a spotlight on retail, education, healthcare, and quick-transferring user items, that grasp a shared deserve to create a sure impression on the arena. Venturi has constructed a uncommon funding platform for families eager to take half within the long-term user development developments in Asia. The platform is constructed spherical shared values and long-term partnerships, and targets to carry operational designate-add to entrepreneurs constructing day after as of late’s leading brands in Asia.
For extra data, please discuss over with www.venturi.companions
About JQR:
Based in 2013, JQR Sports actions Sneakers is an emblem of quality shoes in India. Acknowledged as the “Other folks’s Trace,” the company has dedicated themselves to serving every Indian with sneakers that redefine comfort, style, and sturdiness. In 2015, the impress launched India’s first fluorescent sneakers. Over the years, JQR’s unwavering dedication to innovation has made the firm a drag-setter within the shoes industry.
Media Contacts
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+6581383034
Subject: Press start summary
Offer: Venturi Companions
Sectors: Vogue & Attire, Each day Files, PE, VC & Selections, Native Biz, Startups, SMEs
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