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.

Oct 03, 2024•about 1 year ago

Amount Raised

₹270 Million

Round Type

series a

BengaluruFurnitureHome And GardenRetail

Investors

Ramakant SharmaSujeet KumarSparrow CapitalBeenextIndia Quotient

Description

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 Information

Company

Furnishka

Location

Bengaluru, Karnataka, India

About

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.

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Funding Insights

Based on industry data

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VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

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