Indic Inspirations, a Pune-based cultural startup has now revealed that it has secured INR 2.5 crore in the angel funding round with the marquee investors from the India, USA, and Singapore.
The angel investors who have infused include the senior executives from Google-USA, Goldman Sachs-Singapore, Venture Finance Development Corporation, a Family Venture Fund, a Senior IT executive, and seasoned Architecture-Design and Automobile industry entrepreneurs from India.
Indic Inspirations is founded in the month of December 2019 by Sanjay Anandaram. It helps to design, manufacturers, packages, and markets Home Décor, Personal, and Corporate gifting products.
Speaking on the development, Sunil Jalihal, Founder-CEO, Indic Inspirations, said,
“India with its rich culture, heritage, traditions, and its achievements, it is sad that we don’t have products and souvenirs that represent them. On the contrary, other countries are monetizing our ideas and concepts like Yoga and Haldi. We aim to tap a ₹10,000 crores Indian souvenir market with our collection of products. And with the ongoing buzz around ‘Make in India’ and ‘Indian Pride’ along with consumers and corporates looking for alternatives to Chinese products, the opportunities are endless to revive our arts & crafts and artisanal earnings.”
Commenting further on this announcement, Sanjay Anandaram said, “NICE as an organisation is nurturing cultural entrepreneurs, enabling investments and fostering an ecosystem. We are pleased to be a part of Indic Inspirations’ journey to creating a profitable and impactful cultural venture”.
The brand with its partnerships – with rich content answers such as BORI, ISRO, ASI and bulk consumer endpoints, which includes the corporates, institutions, plans to deliver the many valuable products.