Nestasia Secures USD 8.35 Million for Major Expansion Plans

Home decor brand Nestasia raised USD 8.35 million from Susquehanna Asia VC and Stellaris Venture Partners. The funds will support offline store growth, new product categories, and brand development. Founded in 2019, Nestasia plans to expand to new cities and introduce themed categories, including home products for children.

Home decor and lifestyle brand Nestasia has successfully raised USD 8.35 million in a fresh funding round led by Susquehanna Asia VC, Stellaris Venture Partners, and other prominent angel investors.

This new capital injection will underpin the company's endeavors in expanding its offline store network, launching new product categories, bolstering brand presence, and hiring additional talent, according to an official release.

Founded in 2019 by Aditi Murarka Agrawal and Anurag Agrawal, Nestasia offers a curated array of home decor and lifestyle products. The brand is set to broaden its product range within kitchenware, cookware, drinkware, and appliances while introducing new themed categories such as Nest Baby and Kids.

''This funding empowers us to stay true to our mission to 'Make Home Special' by introducing fresh, on-trend products, expanding our offline presence, and strengthening our brand connection with customers,'' stated Aditi Murarka Agrawal, Co-founder of Nestasia.

Moreover, Nestasia has been expanding its physical footprint with seven exclusive brand outlets across six cities. By the end of 2025, the company intends to open 30 more stores, further extending its reach. During the festive season, Nestasia aims to enhance sales via new brand initiatives, weekly product launches, and targeted strategies across its website, marketplaces, quick-commerce platforms, and existing stores.

This round of funding comes after a Series A round of USD 4 million led by Stellaris in 2021.

(With inputs from agencies.)