The Ecosoul house for sustainable Home Essential brand has collected 20 million US dollars of combined equity and external financing. The round of series B was led by accel and strategic investors Bajaj Financial Securities Limited together with Startupxseed Ventures, JSW Ventures and the CK Birla Group, with the Singh Capital Partners continued. Additional venture debts were secured by Alteria Capital and Sidbi.
With the current fund survey, Ecosoul has now collected more than 50 million dollars to supply its market leadership in several regions in several regions.
The proceeds are used to improve the production skills in its three production facilities in India and at the same time to strengthen the presence of omni-channel retail in key markets, including the United States, Great Britain, Europe, GCC countries and India, said Ecosoul Home in a press release.
According to market research, the market for sustainable house products will probably reach 663.9 billion US dollars by 2034 and grows with a CAGR of 5.5%.
Ecosoul was co -founded in 2020 by Rahul Singh and Arvind Ganesan. The product range includes articles such as bamboohacking boards, biodegradable cups and palm leaf plates.
The company has a portfolio of over 1,800 products that are available in more than 50 retail stores in more than seven countries, including India, the USA, Vietnam and China.
Rahul Singh, co -founder and CEO of Ecosoul Home, said: “This financing milestone is a crucial moment in our mission, one of the world's largest, fully compostable brands for household bulges.
Ecosoul recorded the sales growth of over 40% compared to the previous year and achieved 26.8 billion rupees in the financial year24 in accordance with the information in India. However, the company recorded a loss of 4.6 billion rupees in the same period.
Ecosoul in Noida and the Ecosoul resident in the USA compete with other sustainable startups such as ChuK, Delhi Ecoware and Mumbai.