D2C brand Nestasia raises $4 Mn in Series A

D2C brand Nestasia has raised $4 million in a Series A funding round  led by Stellaris Venture Partners. Several angel investors who are part of the Stellaris Founder Network, also participated in the round, including Varun Alagh , Sahil Barua, Anuj Srivastava, Ramakant Sharma and Dilip Khandelwal.

Nestasia is looking to invest the raised capital on its platform, products, technology and infrastructure.

Launched in 2019 by Aditi Murarka Agrawal and Anurag Agrawal, Nestasia is an online home decor and lifestyle brand that delivers home decor and tableware products, offering over 6000 products across categories on its website, including kitchen, dining, decor, garden, bath & storage.

The Kolkata-based startup claims to have completed 100,000 orders and has a customer base of over 50,000 spread across 7 countries in two years of its operations.  The company is looking to reach over 10 million households in India by 2025 and increase its range to 10,000 products by June 2022 by further expanding into other categories including cookware & soft furnishings.