Hari Mari’s Journey to Success
A Brief History
Dallas-based premium sandal brand Hari Mari has been making waves since its launch in 2012. Founded by husband-and-wife duo Jeremy and Lila Stewart, the company has enjoyed steady growth over the past decade, primarily through organic means.
A New Chapter
However, Hari Mari is now poised for a significant leap forward, thanks to a recent $10 million equity raise. This infusion of capital marks a turning point for the company as it embarks on a bold scaling-up strategy in the casual footwear and lifestyle space.
The Investment Round
Key Players
The investment round was led by financial services entrepreneur Landon Smith, the founder, and former CEO of Dallas-based Riveron, a renowned national business advisory firm. Other notable participants include Montgomery Capital Advisors and DWBI Investments.
Financial Partnerships
Following the closing of the equity raise, Method Bank will serve as Hari Mari’s primary banking facility, providing the business with a crucial working line of credit to fuel its expansion efforts.
The Vision for Growth
From the Co-Founders
Lila Stewart’s Perspective
“We’re ready to start scaling the brand,” says Co-Founder Lila Stewart. “Our growth over these past 12 years, for the most part, has been organic—which is great, but we’re really excited to start advertising, as well as our upcoming and new marketing initiatives in the pipeline.”
Jeremy Stewart’s Ambition
Jeremy Stewart, Hari Mari’s co-founder and CEO, shares his ambitious vision for the brand’s future: “Since starting the brand from our garage in 2012, my wife and I have dreamed of growing Hari Mari into a household name. With this raise under our belt, we’re investing in our core high-margin flip flop and slipper lines, expanding our audience reach, and strengthening our position to set Hari Mari up for sustainable, long-term growth in the market.”
Conclusion: A Bright Future Ahead
With a solid foundation and a clear vision for the future, Hari Mari is poised to achieve new heights of success in the casual footwear industry. As the company steps forward into this exciting new chapter, consumers can expect to see Hari Mari become a household name in the years to come