The June Shop, a design-inspired home decor e-commerce brand based in Kolkata, has raised an undisclosed amount from angel investors.
The June Shop will use the funds raised to meet the organization’s growing needs for product innovation, inventory diversification, recruitment, web and app development, and to intensify marketing efforts. The brand allows customers to create a personal and modern space. Upgrading monotonous rooms with exciting and modern decorative pieces is their motto. In addition to beautifying, The June Shop ensures that the products are largely sustainable and affordable. June Shop lives and breathes the idea of creating functional and elegant pieces to transform your space.
The round was led by angel investors in their personal capacity, including Vijay Subramaniam (Former Head of Content for Amazon Prime Video, India), Pratik Nahata and Sreekumar Krishnan (Founder, Voxtur Ventures). The Angel Fund supports young entrepreneurs building the future through technology.
Commenting on the fundraiser, Rishav Nahata, Founder of The June Shop said: “There is huge untapped potential in the Indian market for design-led, functional home décor and accessories. To meet this need, the brand has curated several ranges of decorative products. The products are ideal for consumers who prefer fun, high quality and aesthetic elements for their home and beyond. Thanks to the turn of events in the last two years, consumer behavior has changed significantly. People pamper themselves with innovative accessories to make them feel good. We are committed to developing this space further. The funds raised recently will further allow us to transform into a more luxurious and premium collection.”
Vansikha Nahata, CEO of The June Shop added: “Our entire team has shown great resilience in building a brand that thrives on the idea of redesigning its own space with affordability in mind. The word ‘June’ means youth in Latin and we keep this in mind when designing our products. Our aim is to energize any space by renovating with decorative pieces that are meaningful, beautiful and fresh. The team quickly adapted to bespoke design solutions that match millennial consumer trends. We continue to introduce new product categories and currently over 60 sub-categories are sold on the site to makeover your home. The brand journey that began with product gifting has now evolved into a one-stop shop for home accessories, with plans to expand into more premium and elite categories.”
The sibling duo further added: “At The June Shop we offer elegant and functional decorative collectibles for every space and style. Offering an immersive shopping experience that helps consumers spruce up their homes while keeping their purpose in mind. We will continue to reinvent ourselves to make it stylish and affordable. Always being one step ahead of customers is our agenda.”
With the aim of expanding the production base primarily to India, the brand has integrated the #MakeinIndia drive. This created more employment opportunities. Global expansion is also on the roadmap, with a focus on developing sustainable, state-of-the-art products for every space, be it the home, office or kitchen. A lot of ideation and research goes into curating unique and functional products for smart homes.
Commenting on his investment decision, Vijay Subramaniam, former Head of Content at Amazon Prime Video, India said: “I always look forward to supporting young entrepreneurs like Rishav and Vansikha who are driving entrepreneurship in India. The June Shop reflects the sensibilities of a generation of independent and self-made innovators who have used their creativity and agility to find an opportunity to bring quality design and value for money to today’s discerning consumers continue winning streak and will grow exponentially in the years to come.”