Funding · Commerce & Consumer Brands
HomeEssentials raises ₹70 crore in pre-Series B
By Startup Enthusiast ·
- Date
- Company
- HomeEssentials
- What it does
- D2C home and kitchen essentials brand
- Kind
- Funding
- Amount
- ₹70 Cr
- Stage
- pre-Series B
- Based in
- Gurgaon
- Founded
- 2024
What they do
HomeEssentials sells home and kitchen essentials online with a design-first approach
What happened
It raised ₹70 crore ($8 million) led by 360 ONE Asset, with India Quotient also investing
Why it matters
The funds will be used for omnichannel expansion and supply chain strengthening
The details
- HomeEssentials raised ₹70 crore ($8 million) in a pre-Series B round.
- The round was led by 360 ONE Asset, a Mumbai-based wealth and asset manager.
- Existing investor India Quotient also participated in the round.
- The company will use the funds for omnichannel expansion, supply chain strengthening, and product portfolio deepening.
- It plans to open 20 stores across Tier 1 and Tier 2 cities by the end of 2026.
- The brand focuses on kitchen and home improvement categories.
The bigger picture
- The company has served over 1 million customers since its founding in 2024.
- It targets 5 million households and aims for ₹500 crore revenue in 2-3 years.
- HomeEssentials maintains positive unit economics and focuses on profitability.
About the business
- HomeEssentials is a D2C brand for home and kitchen essentials.
- It follows a design-first approach, bridging luxury and unbranded utility.
- The product range includes over 1,000 products across storage, cookware, furniture, and décor.
- The company was founded in 2024 in Gwalior and is headquartered in Gurgaon.
- It has served over 1 million customers since inception.
- The company maintains positive unit economics with a focus on profitability.
What happens next
- Open 20 stores across Tier 1 and Tier 2 cities by end of 2026.
- Expand omnichannel presence and strengthen supply chain.
- Deepen product portfolio in kitchen and home improvement categories.
- Target 5 million households and ₹500 crore revenue in 2-3 years.
The deal
- Type
- funding
Investors
- 360 ONE Asset (lead) — Mumbai-based wealth and asset manager.
- India Quotient (existing) — Existing investor in HomeEssentials.
Founders
- Tanishq Jain, CEO
- Divyam Jain, CMO
About HomeEssentials
- Product
- D2C home and kitchen brand
- Customers
- Consumers buying home, kitchen, and home-improvement products
- How it makes money
- Sells directly to consumers through a mix of online and retail channels
- What sets it apart
- Design-first, budget-friendly products positioned between premium brands and unbranded utility items
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