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Published
Oct 7, 2021
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D’Moksha raises $575,000 from Venture Catalysts, others

Published
Oct 7, 2021

​D'Moksha Homes, a D2C home fashion brand, has raised an angel seed round funding of $575,000 led by Venture Catalysts, The Chennai Angels, and several other angel investors.
 

D’Moksha raises $575,000 from Venture Catalysts, others - D’Moksha Homes


The brand plans to use the funds to strengthen its presence in the domestic and international markets along with the diversification of its product range.
 
Commenting on the investment, Apoorva Ranjan Sharma in a statement said:“D’Moksha Homes has been successfully serving over 20,000 customers across the U.S., Canada, and Mexico, with 20 percent of them claiming repeat purchase. The brand has been generating profits within a few months of launch since October 2020, with almost 80 percent gross margins, which is commendable. This funding will give them more firepower to scale their market presence globally and build an Indian brand for the world.”

Manav Dhanda, co-founder of D’Moksha Homes, added: “The industry in India has mostly focused on job work for international brands, but we intend to hone India's strength in textiles and artisans to build a 'Global Indian Home Fashion Brand'.”
 
Founded by Mumbai-based husband-wife duo Nimisha and Manav Dhanda in 2020, D’Moksha Homes is a digital-first D2C brand that produces handcrafted home linens using sustainable fabrics.

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