The kitchenware and home decor company, P-TAL, recently secured INR 4.33 crore in a Seed funding round. This funding round was spearheaded by Titan Capital and included contributions from other prominent investors such as Anicut Capital, Ghazal Alagh, a co-founder of Mamaearth, Vishesh Khurana, a co-founder of Shiprocket, Sandeep Aggarwal, Ashutosh Valani, Priyank Shah, Bala Sarda, Deep & Mohit Bajaj, Ashish Tulsian, and Arjun Vaidya.
According to a press release by P-TAL, the company intends to deploy the funds to expand its team in order to facilitate the scaling of its operations.
Established in 2019 by Aditya Agarwal and Kirti Goel, P-TAL is on a mission to rejuvenate age-old traditions in a modern context, emphasizing the utilization of traditional metals like brass, copper, and bronze. The company’s range of products is meticulously handcrafted by the skilled Thatheras of Jandial Guru, Punjab, a UNESCO-recognized craft. P-TAL distributes its artisanal creations through its own e-commerce platform, as well as via various marketplaces including Amazon, Tata Cliq, LBB, Etsy, Okhai, and others. Additionally, P-TAL maintains a physical presence in Delhi.
Based in Panchkula, the company asserts that it managed to elevate the monthly income of 55 artisan families by an astonishing 1,200%. Notably, its products have been chosen as gifts by esteemed clients, including the Reserve Bank of India, Pernod Ricard, the G-20 Summit 2023, and Engineers India Limited (EIL).
The company further asserts that its revenue has experienced a remarkable 300% year-on-year growth over the past three years.
Titan Capital, known for its support of unicorn ventures such as Ola, Urban Company, Mamaearth, OfBusiness, and Razorpay, has additionally realized either partial or complete exits from several startup investments, including Credgenics, Bewakoof, Unicommerce, ANS Commerce, and Netmeds.com.
