EcoSoul Home Raises $20M Series B to Scale Sustainable Living

Eco-friendly home essentials brand EcoSoul Home has secured $20 million in Series B funding, a mix of equity and venture debt, as per Entrackr. The round was led by Accel and Bajaj Financial Securities Limited, with participation from StartupXseed Ventures, JSW Ventures, and the CK Birla Group. Existing backer Singh Capital Partners doubled down, while Alteria Capital and SIDBI provided venture debt support.

With this fresh capital, EcoSoul’s total fundraising crosses $50 million, strengthening its position in the competitive sustainable homeware space.

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

The funds will be used to expand manufacturing capacity at its three Indian facilities and bolster omni-channel presence across the U.S., U.K., Europe, GCC nations, and India.

Founded in 2020 by Rahul Singh and Arvind Ganesan, EcoSoul offers over 1,800 eco-conscious SKUs, including biodegradable tableware, bamboo boards, and compostable cups, made from bamboo, palm leaves, bagasse, and PLA. Its products are retailed across 50+ outlets in seven countries, from India to the U.S. and Vietnam.

EcoSoul grew 40% year-on-year in FY24, clocking revenues of ?26.8 crore, though it posted a ?4.6 crore net loss—a reflection of its high-growth, capital-intensive journey. Competing with peers like CHUK, Ecoware, and Dinearth, the startup is betting on scale and sustainability to win global households.