Bengaluru: Lifestyle retail brand Uni Seoul has raised Rs 35 crore in a Series A funding round co-led by Riverwalk Holdings and Sauce, with participation from Panthera Peak Ventures and existing angel investors.
The company said the capital will be used to expand its offline retail presence, enter quick commerce platforms, strengthen its supply chain, and support private-label growth initiatives.
Founded by Gaurav Karmani and Mohit Khurana, Uni Seoul currently operates 15 stores across Bengaluru, Pune, Mumbai, Hyderabad, Ahmedabad, Chennai, Kochi and Nashik. The company offers more than 1,000 SKUs across categories, including plush toys, home and living products, stationery, bags, travel accessories, beauty and personal care products, and gifting items.
As part of its expansion strategy, the company plans to increase its store network to more than 50 outlets in the near term, with a longer-term goal of building 500 retail touchpoints over the next five years through a mix of company-owned and franchise-led formats.
The company also plans to launch its products on quick commerce platforms, targeting demand for impulse and gifting purchases in the non-grocery segment.
According to the company, the funding will also support investments in supply chain infrastructure, product development, team expansion and marketing initiatives.
Uni Seoul follows an offline-first retail model complemented by a direct-to-consumer channel. The company said its stores are designed around categories such as gifting, lifestyle accessories, home décor and impulse purchases.
Commenting on the fundraise, Mohit Khurana, co-founder of Uni Seoul, said the company plans to expand its retail footprint and strengthen its presence across physical and digital channels.
Co-Founder Gaurav Karmani said the company will focus on expanding its product range and maintaining consistency across its retail network as it scales operations.
Investors in the round highlighted the company’s focus on retail execution, product curation and operational efficiency as key factors supporting its growth plans.
Riverwalk Holdings is an early-stage venture fund focused on India, while Sauce is a consumer-focused venture fund with investments across consumer brands. Panthera Peak Ventures invests in early and growth-stage companies across sectors.
The company said the latest funding round will support its efforts to expand across organised lifestyle retail and participate in the growing quick commerce segment for non-grocery products.
