1 C
Munich
Sunday, December 22, 2024

Nestasia raises $8.35 million in funding round from Susquehanna Asia VC, others

Must read


Published



September 10, 2024

Home decor and lifestyle brand Nestasia has raised $8.35 million (Rs 70 crore) in a funding round from Susquehanna Asia VC, Stellaris Venture Partners, and angel investors.

Nestasia raises $8.35 million in funding round from Susquehanna Asia VC, others – Nestasia- Facebook

The company will utilise the funds to strengthen its offline network, new product categories, brand building, and hiring.

Nestasia currently operates seven exclusive stores across six cities and plans to open 30 stores by the end of 2025.

Commenting on the investment, Rahul Chowdhri, partner at Stellaris Venture Partners in a statement said, “We are proud to have partnered with Nestasia in its early days and been a part of their journey over the past 3 years. Their unique strategy of offering fresh assortments weekly has created a strong brand pull among consumers. Our continued investment in the company reaffirms our excitement in the space and our confidence in the future growth of the business.”

Aditi Murarka Agrawal, co-founder of Nestasia added, “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.”

Founded in 2019 by Aditi Murarka Agrawal and Anurag Agrawal, Nestasia offers a curated range of home decor and lifestyle products across six categories.

Copyright © 2024 FashionNetwork.com All rights reserved.



Source link

- Advertisement -spot_img

More articles

- Advertisement -

Latest articles