
Rapawalk
An online brand that offers handcrafted shoes and a personalized service of creating your own shoes.
Date | Investors | Amount | Round |
---|---|---|---|
investor | €0.0 | round | |
investor investor | €0.0 | round | |
$300k | Seed | ||
Total Funding | 000k |
USD | 2021 | 2022 | 2023 |
---|---|---|---|
Revenues | 0000 | 0000 | 0000 |
% growth | - | 50 % | - |
EBITDA | 0000 | 0000 | 0000 |
Profit | 0000 | 0000 | 0000 |
EV | 0000 | 0000 | 0000 |
EV / revenue | 00.0x | 00.0x | 00.0x |
EV / EBITDA | 00.0x | 00.0x | 00.0x |
R&D budget | 0000 | 0000 | 0000 |
Source: Dealroom estimates
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Rapawalk is a direct-to-consumer (D2C) footwear manufacturer that has carved out a specific niche in the men's shoe market by offering personalized, handcrafted leather shoes. The company was founded in Bengaluru, India, in 2017 by Kashif Mohammad and Aravind Maddireddy, who were classmates at IIM-Ahmedabad. The founders' backgrounds are complementary; Mohammad comes from a family with a history of manufacturing for global footwear brands and studied design in Italy, while Maddireddy has experience as an investment banker and tech entrepreneur. This blend of manufacturing knowledge and business acumen was foundational to the company's creation.
The core of Rapawalk's business model is customization, addressing the common issue of poor fit and limited choice in the traditional retail footwear space. Customers can use an advanced 3D configurator on the company's online platform to design their own shoes, selecting from various styles, materials, and colors. The service allows for personalization based on foot size, width, and comfort preferences, including half-sizes, to ensure a precise fit. This focus on a tailored experience is a key differentiator in a market where standard sizing often fails to meet diverse consumer needs.
Operating primarily online, Rapawalk manages the entire customer journey, from design to delivery, which allows it to maintain a light inventory model. Revenue is generated directly from the sale of its shoes, which are priced in two main tiers: an essential collection and a premium range. Materials are sourced from international suppliers in locations like Italy and Argentina, and the shoes are handcrafted in manufacturing units in India. The company has received seed funding across several rounds, with investors including Inflection Point Ventures and notable angel investors from the Indian tech and e-commerce sectors. Initially focused exclusively on men's footwear, Rapawalk has expressed intentions to expand its physical retail presence to create an omnichannel experience for its customers.
Keywords: men's footwear, custom shoes, handcrafted leather shoes, personalized footwear, D2C footwear, online shoe brand, Italian leather, 3D shoe configurator, bespoke shoes, made-to-order shoes, Indian footwear startup, Bengaluru startup, custom fit shoes, artisanal shoemaking, online retail, men's fashion, luxury footwear, Aravind Maddireddy, Kashif Mohammad, omnichannel retail