The Artment raises funds from Mumbai Angels, others

By

Maverick Martins

Published
Dec 21, 2022

Direct-to-consume (D2C) home décor start-up ‘The Artment’ has raised an undisclosed amount from Mumbai Angels along with a host of other angel investors.

The company will use the funds to expand its portfolio and scale its business in the American e-commerce market.

Commenting on the investment, Nandini Mansinghka, co-founder CEO of Mumbai Angels in a statement said, “Since its inception, The Artment has successfully carved a niche for itself globally with its products that are uniquely placed to blend art and utility in an innovative way, and this funding is a testament to the brand’s immense potential. We are excited about their growth and wish the team great success in carrying out scale-up plans in the US market.”

Aditya Agarwal, founder of The Artment added, “We are thankful for our investors who are backing us in our journey and offering their expert guidance. The latest funding will help us break into a massive market, and we plan on taking India’s homegrown designs and crafts worldwide.”

Established in 2016, The Artment sells home décor products and claims to have witnessed strong sales in the US market through the Amazon’s global selling program.