Uni Seoul, a brand that sells things for your home, personal care items, gifts, and fashion accessories, has raised ₹5 crore in funding. This money came from investors led by Sauce VC.
Uni Seoul will use this money to open more stores in big cities like Bengaluru, Hyderabad, and Chennai. They also plan to launch their own new product lines, improve their online store, do more marketing, and make their supply chain better.
Started by Gaurav Karmani and Mohit Khurana, Uni Seoul already has four successful stores in Pune, Hyderabad, Bangalore, and Nashik.
They sell a lot of different products – over 700! About 40% of these are made in India, while the rest come from places like South Korea, India, China, and Vietnam.
Uni Seoul also has an online store that started in late 2023 and already makes up over a quarter of their sales, even without much advertising.The brand says customers really like them and they want to grow three times bigger in the next year.