Spacewood raises Rs 300 Cr at Rs 1,200 Cr valuation

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Modular furniture maker Spacewood Furnishers has raised Rs 300 crore ($36 million) from A91 Partners at a valuation of Rs 1,200 crore ($135 million).

The investment gives A91 Partners a minority stake and will support expansion, brand building, and operations. Spacewood plans to scale from 35 exclusive stores to 100 stores across India over the next few years.

Founded by Kirit Joshi and Vivek Deshpande, Spacewood manufactures modular furniture for homes and offices.  The company works through an omnichannel model with exclusive stores, a dealer…



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Spacewood raises Rs 300 Cr at Rs 1,200 Cr valuation


Modular furniture maker Spacewood Furnishers has raised Rs 300 crore ($36 million) from A91 Partners at a valuation of Rs 1,200 crore ($135 million).

The investment gives A91 Partners a minority stake and will support expansion, brand building, and operations. Spacewood plans to scale from 35 exclusive stores to 100 stores across India over the next few years.

Founded by Kirit Joshi and Vivek Deshpande, Spacewood manufactures modular furniture for homes and offices.  The company works through an omnichannel model with exclusive stores, a dealer…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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