
Soxytoes
Buy Funky, Colourful Socks For Men & Women Online in India – soxytoes.
Date | Investors | Amount | Round |
---|---|---|---|
N/A | Angel | ||
Total Funding | 000k |
USD | 2022 | 2023 |
---|---|---|
Revenues | 0000 | 0000 |
EBITDA | 0000 | 0000 |
Profit | 0000 | 0000 |
EV | 0000 | 0000 |
EV / revenue | 00.0x | 00.0x |
EV / EBITDA | 00.0x | 00.0x |
R&D budget | 0000 | 0000 |
Source: Dealroom estimates
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Soxytoes, operating under the legal entity Karma Holdings Private Limited, is a direct-to-consumer fashion brand specializing in the design and retail of socks. The company was co-founded by Aayush Goenka and Vidushi Kanoria (formerly Kajaria) and launched in 2018, targeting the millennial and Gen Z demographic with visually expressive and pop-culture-inspired designs. The founding duo combines Goenka's two decades of experience in sock manufacturing and export with Kanoria's focus on millennial trends and design, creating a complementary leadership team. Goenka, considered a 'socksmith', identified a gap in the market for high-quality, creatively designed socks, leading to the brand's core concept of 'noticeable' socks.
The company's business model is primarily anchored in e-commerce, utilizing its own website, soxytoes.com, and major online marketplaces like Amazon and Myntra for distribution. Complementing its digital presence, Soxytoes employs an omnichannel strategy, engaging with customers through physical pop-up stores at events like Comic Con and in shopping malls. Revenue is generated through direct sales of individual pairs and multi-packs, corporate gifting, and a subscription service for regular deliveries. Initially bootstrapped with a small seed capital, the company raised an angel funding round in 2020 to fuel digital marketing, international expansion, and the development of new product lines.
Soxytoes offers a diverse product portfolio that extends beyond conventional fashion socks. The collection features quirky, colorful patterns and graphics that tap into internet trends. The brand places a strong emphasis on material quality and functional design, incorporating materials such as bamboo fiber, organic cotton, and Pima cotton. A key differentiator is the integration of specialized technologies, such as microencapsulation to infuse socks with fragrances like lime and mint, and aloe vera for moisturizing benefits. In addition to their mainstream fashion line, Soxytoes has developed specialized products including performance-enhancing athletic socks, diabetic-friendly socks with non-constricting tops and padded soles, and compression socks designed for travel and improved circulation. Product development and sampling are managed in-house to maintain creative control, while bulk manufacturing is largely outsourced.
Keywords: designer socks, online sock store, direct-to-consumer fashion, Aayush Goenka, Vidushi Kanoria, pop culture apparel, fashion accessories, e-commerce brand, subscription box, diabetic socks, compression socks, athletic socks, novelty socks, men's fashion, women's fashion, omnichannel retail, corporate gifting, funky socks, sock subscription, sustainable fashion, bamboo socks, organic cotton apparel