Z47
May 21, 2026

Built a ₹1000 Cr brand with ₹5 lakh | The Souled Store Story | Unstarted.

Most founders can't tell you the moment they decided to build. Vedang Patel can. He was 23, a finance analyst with IIM seats in hand, and he looked at the MBA-holder sitting next to him in office and asked himself one question: "Is that what I want to do?"

The resounding no from every section of his brain, and the ₹5.25 lakh he and his co-founders had between them is what became The Souled Store. ₹1000 crore in revenue, ₹150–200 crore in profit, an NSE bell on the way.

In this episode, Avnish and Vedang sit with three questions sent in by aspiring founders:

1. How do you actually validate an idea?
2. How do you separate polite encouragement from real market demand?
3. Brand or revenue first?

They also talk about the part most founders won't: the $10 million Vedang got "lost in frameworks" with, the 15-20 CR in personal-guarantee debt, and how exponential's cheque pulled him back.

For more information, write to us: namaste@Z47.com.
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Built a ₹1000 Cr brand with ₹5 lakh | The Souled Store Story | Unstarted.

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Most founders can't tell you the moment they decided to build. Vedang Patel can. He was 23, a finance analyst with IIM seats in hand, and he looked at the MBA-holder sitting next to him in office and asked himself one question: "Is that what I want to do?"

The resounding no from every section of his brain, and the ₹5.25 lakh he and his co-founders had between them is what became The Souled Store. ₹1000 crore in revenue, ₹150–200 crore in profit, an NSE bell on the way.

In this episode, Avnish and Vedang sit with three questions sent in by aspiring founders:

1. How do you actually validate an idea?
2. How do you separate polite encouragement from real market demand?
3. Brand or revenue first?

They also talk about the part most founders won't: the $10 million Vedang got "lost in frameworks" with, the 15-20 CR in personal-guarantee debt, and how exponential's cheque pulled him back.

We are excited about the innovation and growth opportunities in this sector.

If you are considering building in the footwear space, we’d love to chat.
Drop us a line at consumer@matrixpartners.in

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