The June Shop, a design-inspired home decor e-commerce brand, based out of Kolkata has secured an unknown amount from angel investors. The June Shop will use the acquired funds to address the organization's growing needs, for product innovation, inventory diversification, recruitment, web and app development and to ramp up the marketing activities.
The brand enables customers to create a personal and modern space. Revamping dull spaces with exciting and modern decor pieces is their motto. Along with beautification, The June Shop ensures the products are vastly sustainable and affordable. The June Shop lives and breathes the idea to create functional and elegant pieces to transform one’s 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 (Founders, Voxtur Ventures). Angel fund backs early-stage entrepreneurs building the future through technology.
Rishav Nahata, Founder, The June Shop, said, “There is a huge untapped potential in the Indian market for design-oriented, functional home décor and accessories. Born to address this need, the brand curated multiple ranges of décor products. The products are ideal for consumers who prefer fun, premium, and aesthetic elements for their homes and beyond. Thanks to the turn of events in the last two years, consumer behavior has gone through a huge shift. People are indulging themselves with innovative accessories that make them feel good. We are committed to evolving this space. The recently raised funds will further allow us to transform into a more luxe and premium collection.”
Vansikha Nahata, CEO, The June Shop, added, “Our entire team has shown great resilience in building a brand that thrives on the idea of revamping one’s space keeping affordability in mind. The word ‘June’ means youth in Latin, and that’s what we keep in mind while ideating our products.”
“We aim to energize any space by renovating with meaningful, beautiful, and fresh décor pieces. The team adapted quickly to tailor-make design solutions which match the consumption trends of the millennials. We continue to launch new product categories and currently, 60+ sub-categories are being retailed on the website to reshape your home. The brand journey that began with gifting products has now evolved into a one-stop shop for home décor pieces with plans to expand into more premium and elite categories,” she added.
The sibling duo further added, “At The June Shop, we offer elegant and functional décor collectible for every space and style. With an immersive shopping experience that helps consumers spruce up their homes, keeping their purpose in mind. We will continue to reimagine to make it classy and affordable. Keeping customers ahead of the curve is our agenda.”
With an aim to expand the manufacturing base predominantly to India the brand has incorporated the #MakeinIndia drive. This has created more job opportunities. Global expansion is also on the roadmap with a focus on building sustainable state-of-the-art products for every space be it home, office or kitchen. There’s a lot of ideation and research going on in curating unique and functional products for smart homes.
Vijay Subramaniam, Former Head of Content for Amazon Prime Video, India said, “I am always excited to support young entrepreneurs like Rishav and Vansikha who are fueling entrepreneurship in India. The June Shop reflects the sensibility of a generation of independent and self-made innovators who with their creativity and agility found an opportunity to serve today’s discerning consumers with high-quality design and great value for money. They have been bootstrapped and profitable, and I am confident of them continuing this winning streak to grow exponentially over the next few years.”
Pratik Nahata and Sreekumar Krishnan Founders, Voxtur Ventures, an Angel fund echoed the sentiment and added, “As a platform, we strive to empower entrepreneurs and e-commerce businesses like The June Shop. By extending revenue-based financing we try to catalyze their growth. The Make In India drive with in-house design and manufacturing got us excited about the potential of The June Shop.”
“The brand has inventive designs and good product curation at a competitive price. They are also on track to achieve a whopping 200 percent growth. This D2C platform has a 25 percent return rate of repeat customers with less than 2 percent unsatisfactory product return rate. We are looking at an accelerated adoption of digital technology which is sure to evolve the home décor niche in India. The June Shop mirrors the ethos to capture this wave and we genuinely believe that they are the future of e-commerce in India,” they added.
The D2C brand reflects the shared passion of the founders for everything practical, aesthetically pleasing, and unique to offer consumers a reasonable yet delightful shopping experience.