Impulse life-style retail model Uni Seoul raises Rs 35 Cr in Series A spherical

Pune-based impulse life-style retail model Uni Seoul has raised Rs 35 crore (round $3.7 million) in its Series A funding spherical led by Riverwalk Holdings and Sauce. The spherical additionally noticed participation from Panthera Peak Ventures and a bunch of current angel buyers.

Founded by Gaurav Karmani and Mohit Khurana, Uni Seoul operates within the impulse life-style retail section, providing merchandise throughout classes resembling plush toys, house and residing, stationery, luggage, journey equipment, magnificence and private care, and gifting.

The firm plans to deploy the recent proceeds in direction of increasing its offline retail footprint, strengthening provide chain capabilities, rising its private-label portfolio, and launching on fast commerce platforms. It goals to scale from 15 shops to greater than 50 retailers within the close to time period whereas concentrating on 500 retail touchpoints over the subsequent 5 years.

Uni Seoul at present operates 15 shops throughout cities together with Bengaluru, Mumbai, Pune, Hyderabad, Ahmedabad, Chennai, Kochi, and Nashik. The model provides over 1,000 SKUs priced between Rs 99 and Rs 2,999.

According to the corporate, India’s gifting market was valued at roughly $75 billion in 2024, whereas the speedy growth of fast commerce is creating new alternatives for impulse-driven life-style and gifting merchandise.

Commenting on the funding, co-founder Mohit Khurana stated the corporate plans to scale its retail presence and develop into fast commerce because it seems to be to construct a category-defining impulse life-style retail model in India.