A host of Indian celebrities like cricketer Yuvraj Singh, filmmaker Karan Johar and designer Sabyasachi Mukherjee have invested in London-based consumer tech brand ‘Nothing’. Nothing is founded by a former OnePlus employee Carl Pei and the company launched its first product- Nothing ear (1) (TWS Headphones) in August 2021.
On Tuesday, the company announced the completion of a Series A extension of $50 million from strategic and private investors.
The latest funding will be used for R&D in preparation for Nothing’s entry into new product categories as part of its tech ecosystem, it had claimed. While Nothing didn’t comment on the entire list of investors in October, it shared details on some of the strategic and private investors from India who had invested in the company on Tuesday.
“We are excited to reveal the names of some of the strategic and private investors who have joined us on our Nothing journey from India. This also includes digital content creator and entrepreneur Ranveer Allabadia and Bollywood and independent music composer and singer Jasleen Royal (she has Ranjha from Shershaah to her credit).
“The market is overdue for a new player to bring passion back to the field of consumer tech; one that celebrates artistry and hopes to organize our digital life in one connected space,” said Manu Sharma, VP, and GM of Nothing India.
He further added, “We at Nothing are excited that our new strategic and private investors from India feel the same and believe in our vision and mission. In 2021, we successfully launched one of the most anticipated tech products of the year, Nothing ear (1) and we assure you, this is just the beginning.”
Nothing also announced its partnership with Qualcomm Technologies Inc. wherein it will leverage Qualcomm’s Snapdragon platform to power future tech products. In February this year, Nothing raised 15 million dollars in a Series A round led by Google Ventures leading to overall fundraising of 22 million dollars.
Carl Pei had previously raised $75 million in seed financing from tech leaders and investors such as Tony Fadell, Casey Neistat, Kevin Lin, Steve Huffman, and Josh Buckley. The venture is also backed by an Indian entrepreneur and founder of CRED Kunal Shah.