Ecosoul raises $10 million in series A funding round led by Accel
Ecosoul Home, a start-up that sells eco-friendly products has raised $10 million (Rs 82 crore) in series A funding round led by global venture capital firm Accel.
The funding round also saw participation by Singh Capital Partners, an investment office based in Washington DC.
Ecosoul will utilise the funds to diversify its product portfolio and expansion in global markets like Europe, the UK, and Asia. The company will also invest funds to improve its data and technology capabilities.
Commenting on the funding, Rahul Singh, co-founder of Ecosoul in a statement said, “We are excited to see the strong adoption of our products in the US market. We thrive on this momentum and plan to expand our product range in potential international markets.”
Prashanth Prakash, partner at Accel added, “There is a global macro-tailwind of shifting away from the use of single-use plastic with increasing regulatory pressure. This coupled with rising consumer sentiments towards sustainable everyday essentials, especially in western markets, is driving growth.”
Ecosoul Home founded by Rahul Singh and Arvind Ganesan in 2020, is a direct-to-consumer (D2C) brand that offers a range of over 100 eco-friendly products across categories.
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