EcoSoul Home Secures $20 Million to Boost Global Presence

EcoSoul Home, a sustainable essentials brand, raised $20 million in Series B funding from Accel and Bajaj Financial Securities. This investment will enhance its manufacturing and retail operations globally. With the funds, EcoSoul aims to expand product lines and enter new international markets, increasing production capacity significantly.

Sustainable home essentials brand EcoSoul Home has successfully raised $20 million in a Series B funding round. The round was spearheaded by Accel and Bajaj Financial Securities, with participation from other investors such as Mohandas Pai's StartupXseed Ventures, JSW Ventures, and CK Birla Group.

The funds comprise $17 million in equity and $3 million in debt financing from Alteria Capital and SIDBI. EcoSoul plans to utilize this capital to enhance its manufacturing capabilities in India and bolster its omni-channel retail presence across key international markets, including the United States, Europe, and the GCC countries.

Co-Founder and CEO Rahul Singh stated they aim to double their production capacity and expand into new product lines. Additionally, the funds will aid in launching a new value-centric brand, targeting the mass market, and penetrating the B2B segment. Headquartered in Noida, EcoSoul operates extensively abroad, deriving the bulk of its revenue from outside India.

(With inputs from agencies.)