Home Essentials, a D2C brand for home and kitchen essentials, has raised nearly $7.7 million (Rs 70 crore) in its pre-Series B funding round. In another development, Wyser Capital announced the first close of its maiden fund.
360 ONE leads $7.7m funding in Home Essentials
Home Essentials, a D2C brand for home and kitchen essentials, has raised nearly $7.7 million (Rs 70 crore) in its pre-Series B funding round led by 360 ONE Asset, it announced on Wednesday.
The funding also saw participation from existing investor India Quotient.
In a statement, the company said that the capital infusion will primarily be directed towards expanding the company’s omnichannel presence and deepening its product portfolio in kitchen and home improvement.
Founded by Tanishq and Divyam Jain, the company offers a curated range of 1,000+ products across storage, cookware, furniture, and decor. In just under two years since its inception, the company claims to have grown from a small-town operation to a nationwide brand, serving over a million customers. The company is also rapidly increasing its offline presence and plans to have 20 stores by this year, spread across the country.
Wyser Capital hits first close of maiden fund
Wyser Capital, a specialty venture fund focused exclusively on enterprise and agentic AI, on Wednesday announced the first close of its maiden fund, raising 40% of its targeted Rs 120 crore corpus.
The first close saw participation from leading technology CEOs, CXOs, seasoned industry operators, and institutional investors, the firm said in a statement.
Founded by Suresh Vaswani, Supria Dhanda and Satyakam Mohanty, Wyser Capital fund targets PoC stage and early revenue startups building IP-led solutions in India for global enterprise markets. Wyser Capital will invest Rs 2-5 crore per portfolio company, with provision for follow-on capital for their best investments.
“The first close reflects strong alignment with discerning investors – including seasoned business leaders, technologists, and institutions, who recognise AI’s transformative impact on the enterprise landscape. For subsequent closes, we will continue to build on our above investor base and expand our coverage with family offices and institutions,” said Supria Dhanda, Co-founder and Managing Partner.
