EcoSoul Home Inc, a home essentials products startup, on Thursday announced it has raised $10 million in a Series A round led by Accel.
The financing also saw the participation of Singh Capital Partners, the startup said in a statement.
Founded in 2020, EcoSoul has launched several products in India and has expansion plans for the Canada, UK, Germany, and UAE markets in kitchen and dining, bath, home care, and baby and feminine care. The startup is currently offering over 100 products worldwide.
Over the past year, the company claims to have seen tremendous growth in the US market. The brand currently has multiple sales channels, including D2C, retail distribution across 3,500 stores in the US , and multiple B2B customers.
“Our differentiated products and supply-chain innovation enable us to bring eco-friendly home essentials to price points comparable to traditional plastic and tree-based paper goods. In short, we are democratising the eco-friendly home essentials market. We are excited to see the strong adoption of our products in the US market. We thrive on this momentum and plan to expand our product range in potential international markets,” said co-founders Rahul Singh and Arvind Ganesan.
INDIA DEAL MONITOR
Here are the prominent venture capital transactions in India announced from April 17-20, 2023.
| Startup | Headquarter | Investment Size (USD) | Investment Stage | Lead Investor(s) | Other Investor(s) | Industry | Verticals |
|---|---|---|---|---|---|---|---|
| EcoSoul Home | Raipur, Chattisgarh | 10,000,000 | Series A | Accel Partners, Singh Capital Partners | – | Retail | E-commerce |
| Tricog Health | Bengaluru | 8,500,000 | Series B2 | Omron Health Care, Sony Innovation Fund | The University of Tokyo Edge Capital, Inventus Partners, SG Innovate. | Healthcare IT | Healthtech |
| Mesa School of Business | Bengaluru | 4,000,000 | – | Elevation Capital | Kunal Shah, Vidit Aatrey | Education | Training |
| Knocksense | Lucknow | 1,000,000 | Pre-Series A | Nitish Mittersain, founder of Nazara Technologies | We Founders Circle, LetsVenture, Mumbai Angels Network, Imperial Holdings | Media | Digital Media |
| Cognecto | Bengaluru | 486,618 | Seed | Inflection Point Ventures | – | Mining | AI and Machine Learning |
| Safe Security | Delhi | 50,000,000 | Series B | Sorenson Capital | Eight Roads, Fidelity Investments, Telstra Ventures, WTI | IT Security/Cybersecurity | SaaS |