Home Essential Startup EcoSoul Home Raised $20M in Series B Funding

Eco-friendly home essentials brand EcoSoul Home has raised $20 million through a mix of equity and debt in its latest Series B funding round as per a news report by Entrackr. The round was led by Accel along with Bajaj Financial Securities Limited, and included participation from StartupXseed Ventures, JSW Ventures, and the CK Birla Group. Existing investor Singh Capital Partners also reaffirmed their support. On the debt side, Alteria Capital and SIDBI extended venture debt to bolster the company's growth plans.

With this round, EcoSoul’s total capital raised now exceeds $50 million, positioning the company to further cement its leadership in the sustainable home goods sector across global markets.

Commenting on the fundraise, Rahul Singh, Co-founder and CEO, said: “This investment marks a significant milestone in our journey to become one of the world’s leading fully compostable home essentials brands. With strong backing from marquee investors, we are poised to accelerate our mission of making sustainable living an everyday reality for consumers and businesses worldwide.”

Use of Fresh Funds

The newly acquired funds will be deployed toward expanding manufacturing operations at its three production facilities in India and strengthening its omni-channel presence across key markets, including the United States, the United Kingdom, Europe, GCC nations, and India, according to a company press release.

About EcoSoul Home

Founded in 2020 by Rahul Singh and Arvind Ganesan, EcoSoul Home offers a wide array of eco-conscious household products crafted from renewable materials such as bamboo, palm leaves, sugarcane bagasse, and PLA. Its catalogue features over 1,800 SKUs, including biodegradable tableware, bamboo cutting boards, and compostable cups—available through 50+ retail outlets across more than seven countries, including India, the U.S., Vietnam, and China.

EcoSoul reported a 40% year-over-year revenue increase, reaching INR 26.8 crore in FY24, according to regulatory filings. However, the company also recorded a net loss of INR 4.6 crore during the same period, highlighting the high-growth, investment-intensive nature of the category.

Headquartered in Noida and the United States, EcoSoul operates in a competitive space alongside other sustainable homeware startups like CHUK, Ecoware (Delhi), and Dinearth (Mumbai).

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