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Flatheads funding

flatheads funding

Online footwear brand Flatheads announced that it has raised an undisclosed amount in growth funding from e-commerce investment marketplace GetVantage. 

Established just before the pandemic, the brand claims to have grown 5X in the last year. It plans to use the freshly raised funds to drive expansion and grow revenues. 

Utkarsh Biradar, Co-founder and CEO, Flatheads, said, “Creating awareness among urban audiences and establishing Flatheads as the all-day sneaker of choice is our priority and GetVantage is the perfect long-term growth partner. With this fresh capital infusion, Flatheads is strongly positioned to grow our business five-fold in the next 12-15 months.” 

Bhavik Vasa, Founder and CEO, GetVantage said, “As a founder’s platform, GetVantage helps high-potential founders and brands supercharge growth with performance-based financing as a catalyst. Flatheads is breaking new ground in the D2C footwear space and we are thrilled to partner with talented entrepreneurs like Utkarsh and Ganesh to help them unlock their true potential.” 

As a priority for the next wave of growth, Flatheads stated it will expand its footprint in global and local marketplaces including Amazon, Myntra, and Tata Cliq. 

The startup, founded by Ganesh Balakrishnan and Utkarsh Biradar, strives to create versatile sneakers suited for both work and fun, designed especially for the Indian climate and use cases.

Despite the pandemic, Flatheads seems to be having a great performance. I’m sure the company will grow even more in the time to come. My best wishes to the team of Flatheads.

Shishir Gupta, Founder and CEO, StartupLanes

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