The June Shop, a Kolkata-based design-inspired home decor e-commerce brand, has secured an unknown amount of angel investors.
The June Shop will use the acquired funds to meet the growing needs of the organization, for product innovation, inventory diversification, recruitment, web and application development and to intensify marketing activities. The brand allows customers to create a personal and modern space. Revamping dull spaces with exciting and modern decor pieces is their motto. In addition to embellishment, The June Shop guarantees that the products are largely durable and affordable. The June Shop lives and breathes the idea of creating functional and stylish pieces to transform your space.
The round was led by personal angel investors including Vijay Subramaniam (former Chief Content Officer for Amazon Prime Video, India), Pratik Nahata and Sreekumar Krishnan (Founders, Voxtur Ventures). The angel fund supports start-up entrepreneurs who are building the future through technology.
Commenting on the fundraiser, Rishav Nahata, Founder of The June Shop, said, “There is huge untapped potential in the Indian market for functional, design-oriented home décor and accessories. Born to meet this need, the brand has organized several ranges of decorative products. The products are ideal for consumers who prefer fun, high-end and aesthetic elements for their home and beyond. Thanks to the turn of events over the past couple of years, consumer behavior has seen a huge shift. People indulge themselves with innovative accessories that make them feel good. We are committed to developing this space. The recently raised funds will also allow us to transform into a more luxurious and premium collection.
Vansikha Nahata, CEO of The June Shop, added, “Our whole team has shown great resilience in building a brand that thrives on the idea of revamping its space with the environment in mind. affordability. The word ‘June’ means youth in Latin, and that’s what we keep in mind when designing our products. We aim to energize any space by renovating with meaningful, beautiful and fresh decor pieces. The team quickly adapted to tailor-made design solutions that correspond to the consumption trends of millennials. We keep launching new product categories and currently more than 60 subcategories are sold on the website to remodel your home. The brand’s journey that started with gift products has now evolved into a one-stop-shop for home décor pieces with plans to expand into more premium and elite categories.
The sibling duo added, “At The June Shop, we offer stylish and functional collectible decor for every space and style. With an immersive shopping experience that helps consumers beautify their homes, with their purpose in mind. We will continue to reinvent it to make it stylish and affordable. Keeping customers ahead of the curve is our goal.
In a bid to expand the manufacturing base primarily in India, the brand has incorporated the #MakeinIndia campaign. This created more job opportunities. Global expansion is also on the roadmap with a focus on creating sustainable, state-of-the-art products for every space, whether at home, in the office or in the kitchen. There is a lot of ideation and research going on to create unique and functional products for smart homes.
While commenting on his investment decision, Vijay Subramaniam, Former Head of Content for Amazon Prime Video, India said, “I am always delighted to support young entrepreneurs like Rishav and Vansikha who are fueling entrepreneurship in India. The June Shop reflects the sensibility of a generation of independent, self-taught innovators who, with their creativity and agility, have found the opportunity to serve today’s discerning consumers with high quality design and excellent value. price quality. I am confident that they will continue this winning streak and grow exponentially over the next few years. »