[Funding alert] Ecommerce startup Soxytoes raises investment from Gurugram-based angel network
Summary
Socks ecommerce startup Soxytoes has raised an undisclosed round of investment from Gurugram-based angel network. Its range of products are claimed to be pure cotton-based, infused with the goodness of natural essential oils, with the help of micro-encapsulation technology. Besides fragrances like lime, green apple, and fragrant sandalwood it also offers infusions of cooling and energising mint oils and aloe vera to help soften and moisturise the feet. Sorabh Agarwal, angel Investor and ex-SMD, Copal Amba (acquired by Moody’s Analytics), said, Since inception, Soxytoes claims to have sold over one lakh pairs across various online and offline channels including through its own website. Other channels include ecommerce marketplaces like Myntra and Amazon, apart from kiosks in leading malls and pop-ups at events such as Lil flea and Comicon.