Less than two months after the acquisition of Solethreads, its co-founder and CEO Sumant Kakaria has joined private equity firm Famy Aspire Capital as a Partner.
Kakaria announced the move through a LinkedIn post, describing his entrepreneurial journey as “blessed” while expressing excitement about building the next phase of his career in investing.
Consumer-Focused Investment Strategy Gains Momentum
Famy Aspire Capital is a strategic private equity fund focused on consumer and healthcare sectors. Backed by the Taparia family, the firm plans to invest in high-growth consumer ventures and support emerging brands through what Kakaria described as an “operator-investor DNA.”
In his statement, Kakaria highlighted the evolving opportunities within India’s consumer ecosystem, pointing to shifting consumption patterns and the rise of digitally native brands.
Solethreads Acquisition and Growth Journey
The development comes shortly after Tauseef Mirza, Managing Director of Mirza International, acquired a 100% stake in Solethreads earlier this year. Financial details of the transaction were not disclosed.
Founded in 2020 by Sumant Kakaria, Gaurav Chopra, Vikram Iyer, and Aprajit Kathuria, Solethreads operates in the open and casual footwear category, selling sneakers, slides, and flip-flops through online and offline channels.
The Gurugram-based startup had raised more than $7 million in funding from investors including Fireside Ventures, DSG Consumer Partners, and Saama Capital.
Kakaria’s transition from founder to investor reflects a broader trend of entrepreneurs moving into capital allocation and mentorship roles as India’s startup ecosystem matures.
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