Furnishka raised INR 27 crore in a pre-Series A funding round led by IndiaQuotient to enhance product development and expand geographically with six new stores.
Furnishka raised INR 27 crore in a pre-Series A funding round led by IndiaQuotient to enhance product development and expand geographically with six new stores.
10/03/24, 7:34 AM
Location
bengaluruMoney raised
₹270 million
Industry
furniture
home and garden
retail
Round Type
series a
Investors
Ramakant Sharma, Sujeet Kumar, Sparrow Capital, Beenext, India Quotient
Bengaluru-based furniture retailer Furnishka has raised INR 27 crore in a pre-Series A round led by IndiaQuotient, bringing the company's total funding to INR 45 crore. The funds will be used to enhance product development, strengthen manufacturing, and expand geographically with six new stores.
Company Info
Location
bengaluru, karnataka, india
Additional Info
Furnishka, founded in 2023 by Ganesh Pawar, is a Bengaluru-based furniture retailer that specializes in providing high-quality furniture at affordable prices. The company optimizes its supply chain to offer its products at significantly reduced prices compared to market averages. With four large-format stores in Bangalore, Furnishka offers a diverse range of customizable furniture options tailored to Indian households. The company aims to enhance product development and expand geographically while serving a growing number of urban consumers.