About Nestroots
Nestroots is a company based in Gurugram (India) founded in 2016 by Shekhar Godiyal and Chhavi Singh. Nestroots has raised $522.23 thousand across 4 funding rounds from investors including We Founder Circle, Bestvantage Investments and Thapar Vision. The company has 1 employees as of April 06, 2024. Nestroots offers products and services including Furniture, Kitchen Items, Decor Items, and Rugs and Carpets. Nestroots operates in a competitive market with competitors including 10Club, Nestasia, Ellementry, Pelican Essentials and The Better Home, among others.
- Headquarter Gurugram, India
- Employees 1 as on 06 Apr, 2024
- Founders Shekhar Godiyal, Chhavi Singh
- Stage Minicorn
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Sectors
Consumer
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Adc Brands Private Limited
- Date of Incorporation 21 Apr, 2021
- Jurisdiction Delhi, Delhi, India
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Annual Revenue
$1.15 M (USD)225.22as on Mar 31, 2023
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Net Profit
$42.28 K (USD)237.21as on Mar 31, 2023
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EBITDA
$106.51 K (USD)371.49as on Mar 31, 2023
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Total Equity Funding
$522.23 K (USD)
in 4 rounds
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Latest Funding Round
$360.83 K (USD), Seed
Dec 20, 2023
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Investors
We Founder Circle
& 9 more
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Employee Count
1
as on Apr 06, 2024
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Products & Services of Nestroots
Nestroots offers a comprehensive portfolio of products and services, including Furniture, Kitchen Items, Decor Items, and Rugs and Carpets.
Various items like chairs and tables for living spaces.
Products such as masala boxes and spoon stands for daily use.
Wall plates and vases for enhancing home aesthetics.
Carpets designed for living rooms and other areas.
Funding Insights of Nestroots
Nestroots has successfully raised a total of $522.23K across 4 strategic funding rounds. The most recent funding activity was a Seed round of $360.83 thousand completed in December 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Seed — $360,831
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First Round
First Round
(29 Jun 2021)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2023 | Amount | Seed - Nestroots | Valuation | Bestvantage Investments , BeyondSeed | |
| Jan, 2023 | Amount | Seed - Nestroots | Valuation | Namita Thapar |
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| Jun, 2021 | Amount | Debt – Conventional - Nestroots | Valuation |
investors |
Investors in Nestroots
Nestroots has secured backing from 10 investors, including institutional, angel, and venture fund investors. Prominent investors backing the company include We Founder Circle, Bestvantage Investments and Thapar Vision.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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A success catalyst for startups is provided by BeyondSeed.
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Founded Year | Domain | Location | |
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Investment in early-stage startups and global community support.
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Founded Year | Domain | Location | |
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Early-stage investment fund providing seed funding and mentorship to Indian startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Nestroots
Financial Statements - Nestroots
Nestroots Comparisons
Competitors of Nestroots
Nestroots operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as 10Club, Nestasia, Ellementry, Pelican Essentials and The Better Home, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multi-category home products are offered through an internet-first platform.
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| domain | founded_year | HQ Location |
Internet-first brand of multi-category home improvement products
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| domain | founded_year | HQ Location |
Handmade home improvement products are sold online through Ellementry.
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| domain | founded_year | HQ Location |
Internet first brand offering furniture products
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| domain | founded_year | HQ Location |
Eco-friendly home care products are offered via an internet-first brand.
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Frequently Asked Questions about Nestroots
Nestroots was founded in 2016 and raised its 1st funding round 5 years after it was founded.
Nestroots is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Chhavi Singh is the current CEO of Nestroots. They have also founded this company.
Nestroots is a funded company, having raised a total of $522.23K across 4 funding rounds to date.
As of Apr 06, 2024, the latest employee count at Nestroots is 1.
Annual revenue of Nestroots is $1.15M as on Mar 31, 2023.
Nestroots was founded in 2016 and is headquartered in Gurugram, India. The company operates as an internet-first brand in the home improvement sector, with products encompassing kitchen utensils, storage boxes, furniture, napkin holders, serving bowls, coasters, barware, cutlery, and decorative items. Leadership is provided by co-founders Shekhar Godiyal and Chhavi Singh, who serves as CEO. Operations focus on e-commerce distribution to support household needs.
Nestroots's top competitors include Nestasia, 10Club and The Better Home.
Nestroots offers Furniture, Kitchen Items, Decor Items, and Rugs and Carpets.
Nestroots has 10 investors. Key investors include We Founder Circle, Bestvantage Investments, Thapar Vision, Arjun Vaidya, and BeyondSeed.
The valuation of Nestroots is $3.35M as of Dec 2023.