Tamil Nadu-based footwear manufacturer R2sportswear plans to raise roughly Rs 100 crore in FY28 to fund an expansion of both its marketing operations and its manufacturing capabilities, the company's founder said.

The figure is equal to about twice the roughly Rs 50 crore the company has already put into the business, according to founder Pullela Gopalakrishna. That existing investment has been part-financed by Rs 45 crore secured from the founding family of Go Colors, the Indian apparel brand — money that is already in the business, not pledged.

What is confirmed, and what is an intention?

The Rs 45 crore from the Go Colors founding family and the Rs 50 crore deployed to date are completed transactions, per the founder's account. The Rs 100 crore raise, by contrast, is an announced intention for FY28. The source does not specify the instrument — equity, debt or a hybrid — the valuation being sought, or the investors being approached.

Gopalakrishna has set out the two stated uses for the new capital:

• Marketing activities
• Manufacturing capabilities

The company has not disclosed a capacity figure for its footwear lines, a timeline for capacity installation, or a split between the marketing and manufacturing allocations. For sourcing teams assessing R2sportswear as a potential vendor, that gap matters: a raise earmarked for capacity does not yet translate into confirmed additional output or lead-time gains.

Who is backing the company?

The Go Colors founding family's Rs 45 crore commitment — close to the entire Rs 50 crore the founder says has been invested to date — signals concentrated insider ownership rather than a broad institutional base. No external institutional investors are named in the announcement.

Go Colors itself is an established Indian apparel brand; the founding family's involvement is a family-level investment, not a corporate joint venture or supply agreement, based on the information disclosed.

What does the raise mean for buyers?

A footwear manufacturer adding manufacturing capacity in Tamil Nadu would enter a state that already hosts a dense cluster of Indian footwear and leather-goods production. If the FY28 raise closes and capacity follows, brands sourcing from southern India would gain another mid-sized supplier option — but the company has published no certifications, order book figures or named customers to substantiate its current production scale.

The plan signals ambition rather than results. Until the Rs 100 crore is actually raised and deployed, R2sportswear's expansion exists on paper as a funding target with two stated allocation priorities and no published milestones.

The next verifiable checkpoint for the trade will be whether the FY28 round closes, and on what terms.