Chennai | August 25, 2025 — Voluntad India Private Limited, the parent company of Steamee, a fast-growing Ironing retail brand, today announced the successful closure of its seed funding round, securing a ₹2 Crore investment from Mr. Madhusudhan Gunda, Chairman & Managing Director, Sumadhura Group.
The funding marks a pivotal milestone in Steamee’s growth trajectory as it prepares to expand operations across Tier 1 Cities in India, building upon its foundation of 14 successful outlets in Chennai and Bangalore. The seed round was strategically advised by Nbhava Capital Private Limited.
Steamee’s founder, Mr. Rupesh Chowdary, expressed his enthusiasm about the partnership:
“This seed investment reinforces the confidence in our scalable business model and our ambition to become a leading Ironing service brand in India. With strong strategic support from Nbhava Capital and visionary investment from Mr. Madhusudhan Gunda, we are confident of replicating our Chennai success story across new markets starting with Bangalore.”
Mr. Madhusudhan Gunda, Angel investor, shared his view:
“Steamee has demonstrated strong operational excellence, customer traction, and brand potential. We believe in investing in businesses that combine innovation, execution ability, and customer-centricity—and Steamee clearly reflects those values.”
Nbhava Capital Private Limited, serving as the exclusive advisor for the round, is committed to empowering high-potential startups and growth-stage companies—whether unlisted, listed, or early-stage—with strategic capital solutions.
CA Jagadeesh Atukuri, Founder of Nbhava Capital, stated:“At Nbhava Capital, our mission is to catalyze the next generation of market-leading businesses. Steamee represents exactly the kind of entrepreneurial energy and structured growth vision that we look to back. Our commitment is not just capital facilitation—but building long-term strategic alliances that support value creation for founders and investors alike.”
With this infusion of capital and strategic support, Steamee is set to expand its presence through new stores and franchise partnerships across Bangalore, Chennai, Hyderabad and beyond, aiming to capture a substantial share of India’s dynamic ironing sector.