FundraiseSep 23, 2026, 02:14 UTC

Indian Walker lands first institutional round at US$2.72M valuation

What's the deal? Delhi-based streetwear brand Indian Walker has raised an undisclosed pre-seed round from Palette Wealth Management at a post-money valuation of US$2.72M. It is the company's first institutional funding round.

What does it do? Founded last year by Md. Sakib, Indian Walker makes backpacks and other carry products designed for daily commuting. Its core backpacks are priced between US$27.2 and US$54.3, sitting in the mid-premium segment.

What's the money for? The capital will fund inventory, expand core categories, and add new SKUs to the Level Up collection. Indian Walker also plans to grow its team across marketing, social media, and operations.

What's the endgame? Over the next 24 months, the company is targeting US$13.6M in ARR and a customer base of more than 100,000. Its Level Up collection, led by the Stride backpack, has sold over 10,000 units since launch.

Why now? Indian Walker currently sells through its D2C website and plans to launch on Amazon, Flipkart, and Myntra next quarter, with quick commerce channels to follow. The brand is part of CoFounder Circle Venture Studio, a consumer venture studio founded by entrepreneur Darpan Sanghvi.

The signal: India's streetwear and contemporary fashion space is drawing steady capital. Snitch raised around US$46.2M last year, Gully Labs raised US$4.07M in a Series A in January 2026, and Freakins earlier raised $4 million — placing Indian Walker at the early end of a crowded, well-funded field.