EcoSoul Home, a sustainable home essentials brand, has raised $20 million in equity and debt financing to support its global expansion. The Series B funding round was led by Accel, Bajaj Financial Securities, StartupXseed Ventures, JSW Ventures, and CK Birla Group, with participation from Singh Capital Partners.
Additional venture debt was secured from Alteria Capital and SIDBI.
The fresh capital raised will be used to expand into new multibillion-dollar product categories for customers and corporates, including chemical-free home cleaning and tree-free paper products like printing paper and stationery.
The investment will enable EcoSoul to enhance manufacturing capabilities across its three production facilities in India while strengthening its omni-channel retail presence in key markets, including the United States, United Kingdom, Europe, GCC countries, and India.
With the current fund raise, Ecosoul has now raised more than $50 million cumulatively.
Founded in 2020 by Dr. Rahul Singh and Arvind Ganesan, EcoSoul has emerged as a dominant force addressing this gap by offering high-quality sustainable products within just 5-15% of conventional plastic product prices, building an innovative portfolio of over 1,000 SKUs across tableware, kitchenware, personal hygiene, and baby care categories manufactured from renewable materials including sugarcane bagasse, bamboo, areca palm leaves, birchwood, and corn starch.
Dr Rahul Singh, Co-Founder and CEO of EcoSoul Home, said, “This funding milestone represents a pivotal moment in our mission to become one of the world’s largest fully compostable home essentials brands. With the backing of such marquee investors, we are well-positioned to accelerate our growth and make sustainability mainstream by bringing sustainable living solutions to households and businesses across the globe.”
Arvind Ganesan, Co-Founder of EcoSoul Home, said, “With over 12,000 retail touchpoints worldwide, including partnerships with Walmart, Costco, Waitrose and Ahold, we’ve proven that consumers globally are ready to embrace sustainable alternatives without compromising on quality or affordability.”
