Yoho, a footwear company that debuted in 2021 with three SKUs, will be reportedly investing US $ 463,000 (Rs. 4 crore) to establish a manufacturing facility in Bahadurgarh, Haryana, that can produce 2 lakh units per month, according to Yoho co-founder Prateek Singhal.
The company will start out by producing 30,000 pairs of shoes a month before progressively increasing to 2 lakh pairs.
“The upcoming unit, which will be opening early FY ’26, will be supporting our R&D and focussing on producing soles and assembling trainers,” said Singhal.
India exports barely US $ 3 billion worth of footwear, while China exports US $ 70 billion. Vietnam exports about US $ 17 billion worth of footwear, while even smaller nations like Bangladesh export about US $ 9 billion. In the next five years, India’s footwear exports could increase from US $ 3 billion to US $ 20 billion, said Singhal. He went on to say that this manufacturing facility will provide them a competitive advantage when it comes to exporting in the future.
With 60 SKUs currently available in three categories—slippers, loafers and sneakers—the firm is known for creating Foot Pharma Foot Pad, a memory foam substitute that maintains shock absorption for up to 1.5 years.
The brand currently has 500 touchpoints throughout India through 14 distributors, and in the next two to three months, it intends to join MBOs with Reliance Footprints.
