With the fresh funds, the Bengaluru-based startup aims to strengthen its core AI models, expand its technology and go-to-market teams, and improve conversion outcomes for sales functions within financial services.
The fresh funds will be used to expand its secured lending business focused on micro, small and medium enterprises (MSMEs), particularly in tier II and tier III cities across India.
The capital will be used to enhance Outzidr's agile test-and-react model, invest in people, technology, and supply chain partnerships, as well as strengthen its brand-building and inventory capabilities.
The new fund will focus on seed and Series A investments, supporting 25–30 startups over the next three years. This addition raises Stellaris' total assets under management (AUM) to over USD 600 million.
With the raised funds, the Mumbai-based brand aims to expand its exclusive brand outlets to 75 stores, enhance marketing efforts, strengthen its supply chain, and invest in talent across multiple areas.
The funds will be used to fuel Nestasia's offline store expansion, introduce new product categories, enhance brand building, and support hiring efforts.
The money raised will be put toward expanding teams across functional areas, advancing hardware and software R&D, and "launching India's next-generation consumer electronics brand in the coming months."
The early-stage, technology-focused, sector-agnostic investment firm Stellaris Venture Partners is optimistic about founders who are persistent and committed to tackling significant challenges in India.