In the fourth quarter (Q4) of this fiscal year, the outdoor apparel and equipment company Gokyo is looking to attract money through angel investments in order to quickly grow its online and physical presence, according to a top company official.
“Since Gokyo’s debut two years ago, we have effectively expanded our product line and gotten good feedback from customers,” Gokyo founder Venkatesh Maheshwari stated, “We are now planning to raise funds through angel investments because we recognise the strong growth potential in the outdoor lifestyle segment.”
The company hopes to attract US $ 1.5 million from startup venture capitalists (VCs), high net worth individuals (HNIs), and family investment groups. To help raise the money, it has hired a financial advisor.
The goal of the fundraising is to open 10 locations across the country by FY26. Following that, it plans to seek VC-backed Series A capital to support more national expansion, ultimately aiming to create 100 stores. The company also plans to penetrate the athleisure industry and expand its outdoor lifestyle offerings.
Future Gokyo locations will be found in Hyderabad, Kolkata, Bengaluru, Pune, Delhi NCR, and Mumbai. The brand’s tenth store in the nation will debut in Mumbai in November of this year.
The brand intends to increase its online visibility by listing on additional platforms like Ajio, Myntra, and Nykaa Fashion in addition to selling on its own website, www.gokyo.in, and Amazon.
Gokyo was first introduced as an online-only brand in 2022. In April 2023, it opened its first flagship store in Mumbai, marking its entry into the offline retail space. With more than 150 SKUs of outdoor clothing, accessories, equipment, and footwear, the business currently runs nine stores in Mumbai, Bengaluru, West Bengal, and Srinagar.
