Pune-based cultural Startup Indic Inspirations Raises Rs 2.5 Cr in funding
Indic Inspirations - a Cultural Startup, based out of Pune has announced the completion of an Angel Funding round of ₹2.5 Cr with marquee investors, from California-USA, Singapore and India.
Indic Inspirations was founded in Dec 2019 as a retail venture with a focus on Indian pride and nostalgia based products. With the funding, the company now plans to ramp up its platform by scaling up their Design, Marketing and Distribution channels. Driven by Design & Technology, Indic Inspirations plans to change the way India’s cultural products are designed, marketed and distributed.
They plan to tap a ₹10,000 crores Indian souvenir market with their collection of products. With the ‘Make in India’ momentum, consumers and corporates are looking for Indian origin products further creating opportunities for art and crafts sector in India.
The company has built many unique products with best in class packaging – for contemporary utilities, addressing the interests of consumers. Indic Inspirations designs, manufactures, packages and markets Home Décor, Indic Souvenirs, Personal & Corporate Gifting products. It also promises to change the range, relevance, reach, quality and packaging of India’s Culture Products.