[Funding Alert] SustainKart Closes Pre-Seed Round Led by India Accelerator

The brand was able to close the round in a record time and saw the participation of several HNIs, industry experts as part of India Accelerator's network.
[Funding Alert] SustainKart Closes Pre-Seed Round Led by India Accelerator

SustainKart, a Hyderabad-based e-commerce marketplace exclusively for sustainable products, has raised $500K in its pre-seed round led by India Accelerator. 

The brand was able to close the round in a record time and saw the participation of several HNIs, industry experts as part of India Accelerator’s network.
 
SustainKart offers a wide range of eco-friendly, green, and clean products across all lifestyle categories, from fashion to decor, food, and nutrition, kids care, pet care, furniture, and furnishings to home care, all under one roof. It helps conscious Indians choose products hassle-free. The platform ensures the authenticity of the products and brand claims through a strong audit process.

Mona Singh, Co-founder of IA said, “Our decision to invest in SustainKart is consistent with our philosophy to back brands that promote eco-friendly living. Apart from this, we are amazed at how SustainKart is at the forefront of bringing innovative solutions in changing the spending pattern of Indian households for their lifestyle commodities.”

Founded by renowned entrepreneurs Shilpa Reddy and Kanthi Dutt, the platform was launched in January 2021 and has witnessed massive growth in the last year. With over 950 brands and 68,000 SKUs, it is the largest e-commerce marketplace in Asia for clean D2C brands and sustainable consumers.

It aims to grow into a house of brands with celebrity co-founders. Bhoomitra, a beauty brand by SustainKart backed by actress Keerthy Suresh has launched a couple of months ago. “We plan to launch a series of private labels with A-lister celebrity co-founders to have a stronger foothold in the sustainable D2C space. Multiple strategic seed-stage D2C brand acquisitions are planned for this year,” says founder Kanthi Dutt.

READ MORE: Retail Brands Should Shift to a Sustainability-Centric Business Model to Stay Competitive Now & in the Future

On track to capture a share of $4 billion of the Indian sustainable consumer e-commerce space by 2026, leading brands like mCaffeine, Tribe Concepts, Neemans, Let’s Shave, SuperBottoms, amongst several others have already been listed on the platform in its first year.

“Sustainable consumerism is only growing. Thanks to the pandemic, only more people realized the impact of consumer behavior on climate change. However, sustainability is a journey that has caught momentum now, like never before,” says Shilpa Reddy, co-founder, SustainKart.

SustainKart not only hosts a long list of leading brands that are Vegan, cruelty-free, upcycled- recycled, biodegradable, hand-made, organic, and chemical-free but also promotes local and small clean brands. They provide a single convenient platform where consumers can find sustainable alternatives for every need and motivate people to choose a nature-friendly sustainable lifestyle.

Primary Category
RECOMMENDED FOR YOU
TRENDING ARTICLE