A naukri.com initiative
Startup Pedia
4w
22
Image Credit: Startup Pedia
Started with ₹1 Cr, These Brothers Now Run a ₹10 Cr/Month Home & Kitchen Empire, Raises $2.2M Seed Round
- Gwalior-based brothers Tanishq and Divyam Jain identified a lack of aesthetically pleasing and functional home and kitchen products in Indian households.
- This realization led them to establish HomeEssentials, a brand focused on offering modern, beautiful, and practical solutions for Indian homes.
- Within a year of its launch, HomeEssentials is generating a impressive ₹10 crore in monthly revenue, disrupting the Indian home and kitchen market.
- The co-founders started with a 15-member team and a ₹1 crore loan, quickly achieving significant monthly revenue milestones.
- HomeEssentials provides space-saving, multifunctional products, aiming to make homes organized, joyful, and aesthetically pleasing.
- The brand's rapid growth is evidenced by crossing ₹30 lakh revenue in the first month and reaching ₹10 crore monthly revenue within a short period.
- Backed by a $2.2 million seed funding from India Quotient, HomeEssentials plans to expand offline with exclusive stores in Delhi NCR and other metro cities.
- The founders Tanishq and Divyam Jain bring complementary skills, striving to blend tech, data, and innovation into their offering.
- Despite early challenges, such as cash flow management, HomeEssentials aims to become a household name and generate ₹200 crore in annual revenue by the end of the financial year.
- The brand's vision is to create profitable and sustainable growth while providing smart, problem-solving products tailored to real needs of Indian households.
Read Full Article
1 Like
For uninterrupted reading, download the app