IPO-bound Nestasia appoints Delhivery CEO Sahil Barua to board
brand
Nestasia
appointed
Delhivery
cofounder and CEO
Sahil Barua
as a director on its board, as it looks to scale operations and strengthen omni-channel distribution as it prepares for a market debut, a statement said on Tuesday.
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Barua operates logistics and supply chain company
Delhivery
as its chief executive, and has previously been associated with Bain & Company as a consultant. He holds an bachelor's degree in mechanical engineering from NIT Surathkal and a post-graduate diploma in management from IIM Bangalore.
'[Sahil's] journey of building a tech-first, high-performance company from the ground up offers us a lens to reimagine scale, execution, and sustained consumer delight,' said Nestasia cofounder Anurag Agrawal.
Started by Aditi Murarka and Anurag Agrawal in 2019, Nestasia offers over 7,000 products across eight categories. The company serves properties by the Taj Group, JW Marriot, Prestige Group and others.
Over 2024, Nestasia expanded its offline footprint across six cities with seven exclusive brand outlets. The company plans to open 30 stores by the end of 2025.
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In September 2024, Nestasia had
raised $8.35 million
from Susquehanna Asia VC, Stellaris Venture Partners and other angel investors to expand offline stores, launch new categories, brand building and hiring. The company aims to broaden its product offerings in kitchenware, drinkware, cookware and appliances, while also launching new themed categories like Nest Baby & Kids, focusing on home products for children, among others.
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