Kitchenware seller Solara in talks with Faering Capital to raise $25-M

Hyderabad-based home and kitchen company Solara is to raise between USD 20 million and USD 25 million in a funding round led by private equity firm Faering Capital. The company has appointed PwC as the financial advisor to the transaction.Founded in 2021 by Gopal Kolli and Swetha Padma Parvathaneni, the company sells drinkware, kitchen appliances, and cookware. Solara intends to use the capital to support its operations.The company reported revenue of INR 40.9 crore in FY25, an increase from INR 22.7 crore in FY24. In FY25, the company made a profit of INR 1.5 crore, compared to a loss of INR 0.31 crore in the previous fiscal year.