Former Solethreads CEO Sumant Kakaria Joins Famy Aspire Capital 

Sumant Kakaria Moves From Founder Role To Private Equity

Former Solethreads co-founder and CEO Sumant Kakaria has joined Famy Aspire Capital as a partner, less than two months after the acquisition of Solethreads.

Kakaria announced the development through a LinkedIn post on Tuesday, marking his transition from entrepreneur to investor within India’s growing consumer startup ecosystem.

“After a blessed journey as an entrepreneur, I’m thrilled to announce I’ve joined Famy Aspire Capital as a Partner,” Kakaria wrote in his post.

The move reflects a broader trend where startup founders are increasingly moving into investment and advisory roles as India’s consumer and startup ecosystem matures.

Famy Aspire Capital Focuses On Consumer And Healthcare Sectors

Famy Aspire Capital is a strategic private equity investment platform focused on high-growth consumer and healthcare businesses.

The fund is backed by the Taparia family and aims to support emerging brands through long-term strategic investments and operational guidance.

According to Kakaria, the firm plans to build an “operator-investor DNA” that combines investing expertise with real-world entrepreneurial experience to help founders scale category-leading companies.

He also highlighted the massive opportunities emerging in India’s evolving consumer sector as spending patterns, digital adoption and brand preferences continue changing rapidly.

Industry experts believe experienced startup founders moving into private equity and venture investing could bring stronger operational insights and founder-focused support to growing startups.

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Transition Comes After Solethreads Acquisition

Kakaria’s move comes shortly after Tauseef Mirza acquired a 100% stake in Solethreads earlier this year.

The acquisition was completed in March, although financial details of the transaction were not publicly disclosed.

Founded in 2020 by Sumant Kakaria along with Gaurav Chopra, Vikram Iyer and Aprajit Kathuria, Solethreads operated in the open and casual footwear category.

The Gurugram-based startup sold products including sneakers, slides and flip-flops through both online and offline retail channels.

Solethreads Raised Over $7 Million

Over the years, Solethreads raised more than $7 million in funding from multiple investors.

In July 2023, the company secured $3.7 million in a Series A funding round led by Fireside Ventures, with participation from DSG Consumer Partners and Saama Capital.

Prior to that, the startup had already raised approximately $3.5 million from DSG Consumer Partners and Saama Capital.

Kakaria’s transition into private equity investing highlights how experienced founders are increasingly playing larger roles in shaping India’s next generation of consumer-focused startups and investment ecosystems.