Nothing, the favored shopper expertise model on Tuesday mentioned movie producer and director Karan Johar, cricketer Yuvraj Singh and others had joined as traders as part of its $50 million funding spherical introduced final month. In October, Nothing had accomplished a series-A extension of $50 million from strategic and personal traders. It had not disclosed the identify of the traders at the moment. Clothier Sabyasachi Mukherjee had additionally joined as traders, the corporate mentioned.
Digital content material creator and entrepreneur Ranveer Allabadia and Bollywood and unbiased music composer and singer Jasleen Royal had additionally come on board as backers of Nothing’s imaginative and prescient, it added.
“The market is overdue for a brand new participant to convey ardour again to the sphere of shopper tech; one which celebrates artistry and hopes to organise our digital life in a single linked house. We’re excited that our new strategic and personal traders from India really feel the identical and consider in our imaginative and prescient and mission,” Nothing India Vice-President and Common Supervisor Manu Sharma mentioned,” mentioned Manu Sharma, vp and common supervisor of Nothing India, quoted PTI.
In 2021, Nothing launched some of the anticipated tech merchandise of the yr, Nothing ear (1) and we guarantee you, that is just the start, he additional added.
Nothing has thus far raised a complete of $74 million. In December final yr, the corporate had raised $7 million in seed financing from distinguished traders, together with Tony Fadell (inventor of the iPod), Casey Neistat (YouTuber), Kevin Lin (co-founder of Twitch) and Steve Huffman (CEO of Reddit). It raised $15 million from GV (previously Google Ventures) in February this yr.
The London-based firm, which is backed by Indian entrepreneur Kunal Shah, was co-founded by OnePlus co-founder Carl Pei. In line with analysis agency Counterpoint, Nothing broke into the top-three manufacturers within the premium TWS (Really Wi-fi Stereo) section in its debut quarter by capturing a seven per cent share within the section within the September 2021 quarter.