Investors Accel, Bajaj Financial Securities, and others provide funding for EcoSoul Home in Series B financing round.
EcoSoul Home Inc, a sustainable home essentials brand, has announced the successful completion of its Series B funding round, securing $20 million. The round was led by Accel and Bajaj Financial Securities Ltd, with participation from several other investors.
Accel and Bajaj Financial Securities were joined by BTG, Elevation Capital, StartupXseed Ventures, JSW Ventures, the CK Birla Group, and existing investor Singh Capital Partners. Alteria Capital and SIDBI also provided additional venture debt. Ambit Capital served as advisor for the funding round.
The funds raised will be utilized to improve manufacturing across three production facilities in India and strengthen EcoSoul's omnichannel retail presence globally. With over 12,000 retail touchpoints worldwide, including partnerships with major retailers like Walmart, Costco, Waitrose, and Ahold, EcoSoul has proven that consumers globally are ready to embrace sustainable alternatives without compromising on quality or affordability.
EcoSoul offers a diverse portfolio of over 1,000 SKUs across tableware, kitchenware, personal hygiene, and babycare categories. The brand is committed to using renewable materials such as sugarcane bagasse, bamboo, areca palm leaves, birchwood, and corn starch in their products.
In addition to expanding its product offerings, EcoSoul plans to venture into new categories, including chemical-free home cleaning solutions and tree-free paper products such as printing paper and stationery. Key markets for expansion include the US, UK, Europe, the Gulf Cooperation Council, and India.
With this latest funding, EcoSoul Home Inc has raised more than $50 million to date. The company's previous round, a Series A funding of $10 million, was secured in April 2023 from Accel and Singh Capital Partners.
EcoSoul's mission is to make sustainable living accessible and affordable for everyone. The brand's commitment to sustainability, coupled with its high-quality products, has resonated with consumers worldwide, positioning EcoSoul as a leader in the sustainable home essentials market.
