~A significant part of the investment will be utilised towards product innovation, inventory diversification, recruitment, web and app development, and to ramp up the marketing activities~
Kolkata, June 8: The June Shop, a design-inspired home decor e-commerce brand based in Kolkata, has secured an unknown amount from angel investors. The June Shop will use the acquired funds to address the organisation’s growing needs for product innovation, inventory diversification, recruitment, web and app development, and to ramp up the marketing activities. The brand enables customers to create a personal and modern space. Revamping dull spaces with exciting and modern decor pieces is their motto. Along with beautification, The June Shop ensures the products are vastly sustainable and affordable.
The June Shop lives and breathes the idea of creating functional and elegant pieces to transform one’s space.
The round was led by angel investors, including Vijay Subramaniam (Former Head of Content for Amazon Prime Video, India), Pratik Nahata and Sreekumar Krishnan (Founders, Voxtur Ventures). Angel fund backs early-stage entrepreneurs building the future through technology.
On the fundraising, Rishav Nahata, Founder of The June Shop, said, “There is a huge untapped potential in the Indian market for design-oriented, functional home décor and accessories. Born to address this need, the brand curated multiple ranges of décor products. The products are ideal for consumers who prefer fun, premium and aesthetic elements for their home & beyond. Thanks to the turn of events in the last two years, consumption behaviour has changed significantly. People are indulging themselves with innovative accessories that make them feel good. We are committed to evolving this space. The recently raised funds will further allow us to transform into a more luxe and premium collection.”
Vansikha Nahata, the CEO of The June Shop, added, “Our entire team has shown great resilience in building a brand that thrives on the idea of revamping one’s space while keeping affordability in mind. The word ‘June’ means youth in Latin, which we keep in mind while ideating our products. We aim to energise any space by renovating it with meaningful, beautiful and fresh décor pieces. The team adapted quickly to tailor-make design solutions that match the millennials’ consumption trends. We continue to launch new product categories, and currently, 60+ sub-categories are being retailed on the website to reshape your home. The brand journey that began with gifting products has now evolved into a one-stop-shop for home décor pieces with plans to expand into more premium & elite categories.”
The sibling duo further added, “At The June Shop, we offer elegant and functional décor collectable for every space & style. An immersive shopping experience helps consumers spruce up their homes, keeping their purpose in mind. We will continue to reimagine it to make it classy & affordable. Keeping customers ahead of the curve is our agenda.”
To expand the manufacturing base predominantly to India, the brand has incorporated the #MakeinIndia drive. This has created more job opportunities. Global expansion is also on the roadmap, focusing on building sustainable state-of-the-art products for every space, be it home, office, or kitchen. There’s a lot of ideation and research to curate 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 excited 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-made innovators who found an opportunity to serve today’s discerning consumers with high-quality design and great value for money with their creativity and agility. They have been bootstrapped and profitable, and I am confident of them continuing this winning streak to grow exponentially over the next few years.”
Pratik Nahata and Sreekumar Krishnan Founders, Voxtur Ventures, an Angel fund, echoed the sentiment & added, “As a platform, we strive to empower entrepreneurs and e-commerce businesses like The June Shop. By extending revenue-based financing, we try to catalyse their growth. The Make In India drive with in-house design & manufacturing got us excited about the potential of The June Shop. The brand has inventive designs and good product curation at a competitive price. They are also on track to achieve a whopping 200% growth. This D2C platform has a 25% return rate for repeated customers with less than 2% unsatisfactory product return rate. We are looking at an accelerated adoption of digital technology, which will evolve the home décor niche in India. The June Shop mirrors the ethos to capture this wave, and we genuinely believe that they are the future of e-commerce in India.”
The D2C brand reflects the shared passion of the founders for everything practical, aesthetically pleasing and unique to offer consumers a reasonable yet delightful shopping experience.
