COMPANY INTELLIGENCE PROFILE
SOLESEARCH PRIVATE LIMITED
Gurugram-based online marketplace for limited-edition sneakers, streetwear and collectibles (brand "SoleSearch"), incorporated 2022, seed-funded (~Rs 6 cr, 2023).
SoleSearch is a Gurugram-based online marketplace launched in 2022, specializing in limited-edition sneakers, streetwear, and collectibles. With a workforce of around 27 employees, the company reported a revenue of Rs 52.24 lakh for the fiscal year ending March 2023. In May 2023, SoleSearch secured approximately Rs 6 crore in seed funding, backed by Venture Catalysts, Anthill Ventures, and Cornerstone Sports LLP, to support omni-channel expansion efforts.
AI-generated, may contain errors.
Business Overview
- SoleSearch operates an online marketplace/platform, solesearchindia.com, for buying, selling and bidding on limited-edition and high-demand sneakers, streetwear, accessories and collectibles in India.
- It emphasises verification/authentication of products and monetises via commissions, reported ~10-50% depending on product.
- Publicly the brand traces its origins to a sneaker-trading community, founders publicly cited as Param Minhas and Prabal Baghla
- The registered entity was incorporated in May 2022. Reported headcount ~27, April 2024, per aggregators. DPIIT-recognised startup per TheCompanyCheck.
Sector & Classification
Business services / Other business activities n.e.c. (CIN class U74999); operationally e-commerce marketplace for sneakers & streetwear
Directors & Key Management
Directors — source notes
Param Veer Singh Minhas — DIN 09084347 (appointed 27 May 2022); Prabal — DIN 09621927 (appointed 27 May 2022). Both DINs confirmed by Falconebiz and Tofler. (Founder "Prabal Baghla" cited in press corresponds to director "Prabal".)
GST Registrations
not obtained — no free GSTIN-lookup source (KnowYourGST/FindGST/MastersIndia) returned a verified GSTIN for this entity. Home state would be Haryana (state code 06) given the registered office. Number of registrations: not obtained. Status: not obtained.
Financials
SOLESEARCH PRIVATE LIMITED reported a standalone revenue of Rs 52.24 lakh for FY 2022-23, confirmed as "under Rs 1 crore." The latest balance sheet is dated 31 March 2023 with the last AGM held on 30 September 2023.
AI-generated, may contain errors.
- FY 2022-23, year ending 31 Mar 2023, standalone: Revenue Rs 52.24 lakh per TheCompanyCheck
- Tofler corroborates "under Rs 1 crore" for FY ending 31 Mar 2023. EBITDA: not obtained (paywalled). PAT: not obtained (paywalled). Net worth: not obtained. Borrowings: not obtained. Last AGM 30 Sep 2023
- Latest balance sheet 31 Mar 2023. No consolidated figures found (single entity). Later FY (FY24/FY25) audited figures not obtained.
Funding History
| Maiden/seed round | approx Rs 6 crore, reported ~$730K-$795K, announced May 2023. |
| Investors | Venture Catalysts, Anthill Ventures, and Cornerstone Sports LLP. |
| Stated use | omni-channel expansion — mobile app launch and physical stores, Mumbai, Hyderabad. |
| Confirmed across Entrackr, SiliconIndia, Indian Retailer, MediaBrief. | |
| Tracxn cites total ~$734K from 3 investors. | |
| Note | press "founded 2020/2021" refers to the brand |
| The registered company dates to | 2022. |
Competitive Landscape
- Crepdog Crew / CDC, largest India sneaker-streetwear marketplace; peer/larger
- DawnTown, Mumbai-based hype sneakers, founded 2021; peer
- HypeFly India (peer)
- VegNonVeg, established premium sneaker/streetwear boutique; larger, retail
- Culture Circle, authentication marketplace; peer
- Find Your Kicks, Shark Tank India resale marketplace; peer. Scale: all early-stage/SME resale players
- VegNonVeg and Crepdog Crew are larger/more established.
Frequently Asked Questions
What does SoleSearch do?
SoleSearch operates an online marketplace for buying, selling, and bidding on limited-edition and high-demand sneakers, streetwear, accessories, and collectibles in India. They emphasize product verification and authentication and monetize via commissions.
What is the CIN of SoleSearch?
The CIN of SoleSearch is U74999HR2022PTC103982.
When was SoleSearch incorporated?
SoleSearch was incorporated in May 2022.
Where is the registered office of SoleSearch located?
The registered office of SoleSearch is located at 2nd Floor, Plot No. 4, Minarch Tower, Sector 44, Gurugram, Haryana 122003, India.
Information compiled from public registry and secondary sources. It may be incomplete or dated; verify independently before relying on it.