Spacewood Furnishers raises Rs 300 crore from A91 Partners to push manufacturing, retail presence

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Nagpur-based modular furniture maker Spacewood Furnishers has announced a Rs 300-crore funding from private equity firm A91 Partners. ET had first reported on October 27 about the development. The transaction values Spacewood at Rs 1,200 crore.

Following the investment, A91 Partners has picked up significant minority stake in the firm. The capital will be used for expansion, brand-building, and strengthening operations, the company said in a statement.

In the ongoing fiscal year, the company said it expects to clock revenues of approximately Rs 700…



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Spacewood Furnishers raises Rs 300 crore from A91 Partners to push manufacturing, retail presence



Nagpur-based modular furniture maker Spacewood Furnishers has announced a Rs 300-crore funding from private equity firm A91 Partners. ET had first reported on October 27 about the development. The transaction values Spacewood at Rs 1,200 crore.

Following the investment, A91 Partners has picked up significant minority stake in the firm. The capital will be used for expansion, brand-building, and strengthening operations, the company said in a statement.

In the ongoing fiscal year, the company said it expects to clock revenues of approximately Rs 700…



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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