Powerhouse91 said it has secured seed funding of an undisclosed amount from US-based venture capital firm Crossbeam Venture Partners.
The company said it would use the funds to further identify and acquire high-potential consumer brands.
“A significant chunk of the investment will go towards building the technical capabilities required to operate and scale the multiple consumer brands running under our portfolio,” the company said.
Founded in 2021 by Shashwat Diesh and Aqib Mohammed, the company’s business model relies on identifying high-potential consumer brands, acquiring, and scaling them through growth capital.
