EcoSoul Home, an eco-friendly home essential products startup, has recently announced that it has successfully raised $10 million in a Series A funding round. The round was led by Accel, a leading venture capital firm that has backed companies like Facebook, Slack, and Dropbox. Singh Capital Partners, an investment firm focused on backing early-stage startups, also participated in the funding round.
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The company is also investing heavily in manufacturing eco-friendly products in India, where it expects to see significant growth. "India will contribute 10-15 percent of our total revenue by the end of 2023. We are seeing a seismic shift in consumer interests towards sustainable products, and are excited to be at the forefront of this movement," Singh added.
Also, Amit Singh, Founder & CEO of Adventum Student Living (ASL) discussed how the company plans to scale its business with its $5 million fundraise.
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ASL, the platform that owns the Uniacco, Unicreds and Unischolars brands, raised an additional $5 million led by new and existing investors as a bridge to its proposed Series B round of $20 million.
ASL is a unified student lifecycle management platform assisting students in their application-to-accommodation journey with a digital-first approach. To date, ASL says it has benefitted over 5 lakh students through its platforms.
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