Indian Walker raises pre-seed funding from Palette Wealth Management at ₹20 crore valuation; marks brand's first institutional round

Indian Walker, founded by Md. Sakib in 2025, has raised pre-seed funding from Palette Wealth Management at a valuation of ₹20 crore, marking its first institutional funding. The brand, part of CoFounder Circle Venture Studio, focuses on streetwear and carry products aimed at younger consumers.¹²⁵⁶

The funding will be used to build inventory, expand core product categories, and enhance the Level Up collection, which includes the popular Stride backpack that has sold over 10,000 units since its launch. The company aims to strengthen its marketing, social media, and operations teams as it prepares for growth.³⁴⁷

Sakib, who previously worked as a Rapido captain, stated, “I didn't start Indian Walker in a boardroom. I started it on Delhi's roads... This round lets us build more of those bags, keep them in stock and put the right team behind them.”

Indian Walker is targeting ₹100 crore in annual recurring revenue within the next 24 months and plans to grow its customer base to over one lakh consumers. The brand currently sells through its direct-to-consumer website and plans to expand to platforms like Amazon, Flipkart, and Myntra.