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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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 |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | 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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| 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 |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Nestroots
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Nestroots
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| 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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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Nestroots
Frequently Asked Questions about Nestroots
When was Nestroots founded?
Nestroots was founded in 2016 and raised its 1st funding round 5 years after it was founded.
Where is Nestroots located?
Nestroots is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Who is the current CEO of Nestroots?
Chhavi Singh is the current CEO of Nestroots. They have also founded this company.
Is Nestroots a funded company?
Nestroots is a funded company, having raised a total of $522.23K across 4 funding rounds to date.
How many employees does Nestroots have?
As of Apr 06, 2024, the latest employee count at Nestroots is 1.
What is the annual revenue of Nestroots?
Annual revenue of Nestroots is $1.15M as on Mar 31, 2023.
What does Nestroots do?
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.
Who are the top competitors of Nestroots?
Nestroots's top competitors include Nestasia, 10Club and The Better Home.
What products or services does Nestroots offer?
Nestroots offers Furniture, Kitchen Items, Decor Items, and Rugs and Carpets.
Who are Nestroots's investors?
Nestroots has 10 investors. Key investors include We Founder Circle, Bestvantage Investments, Thapar Vision, Arjun Vaidya, and BeyondSeed.
What is Nestroots's valuation?
The valuation of Nestroots is $3.35M as of Dec 2023.
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