Angel Investments
Mom & child products marketplace Nestery raises $500-K from Rebalance Angel, others
Bengaluru-based The Nestery, a curated marketplace for maternity and children products, has raised USD 500,000 from Rebalance Angel Community, FirstCheque, Tremis Capital and other angel investors. The company claims to have an annualised GMV run rate of approximately USD 2 million, and over 450 brands in its portfolio across various categories. The products on the platform cater to women from the third trimester of pregnancy and children up to the age of 12. Nestery participated in Rebalance Accelerator's 2020 Cohort and was recently part of the first cohort of Sequoia Spark Fellowship. It will use the fresh funds to accelerate growth, hire key team members, grow market awareness and build the technology to power its social recommendation engine for better discovery.
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