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Arrivae Raises INR 50 Cr in first external round

arrivae funding

India’s first made-to-order furniture manufacturer and home improvement company, Arrivae, announced that it has raised INR 50 crores in its first external round led by business magnate Rakesh Jhunjhunwala. 

The round also saw participation from other investors across retail, real estate, and capital markets, including Enam family, Siddharth Yog (Founder, Xander Group), Anand Jain (Chairman, Jai Corp), Harsh Jain (Founder, Dream 11), and Ramesh S. Damani (Chairman, DMart).

Established in December 2017 by Yash Kela, Arrivae was founded to empower and democratize home design to make it accessible and affordable. The digitally integrated platform provides a ‘Made by You’ experience by offering end-to-end custom interior design solutions from demand mapping to installation supported by in-house technology. 

Commenting on the funding, Yash Kela said, ‘At Arrivae, we are still in the early stages of our roadmap to become a leading, full home improvement ecosystem in India, which enables “Ghar Banao to Ghar Sajao ” for the consumer. I believe in the massive size of the opportunity- the value shift from unorganized on-site work to organized custom-made factory finish deliveries, the integrated supply chain defensibilities, and the prospect of solving the inefficiencies of time, cost, and hassles that a customer faces.”

“Partnerships are core to us at Arrivae and strengthen our brand trust in the ecosystem, particularly for the consumers. All the veterans who have participated in this round would enable more trust in the Arrivae brand. I, along with my team, are extremely grateful to have them as part of our journey,” added Yash.

With its proven track record of delivering exceptional projects and building scale across 19 cities through 35 stores, Arrivae has successfully designed 12000+ spaces with the help of its 275+ designers. The platform strives to position itself as a one-stop home improvement ecosystem in India, empowering people through designs that are accessible and affordable for all.

Arrivae seems to have come a long way since its inception and has established a strong presence in the market. I’m sure the company will emerge as a dominant market payer in the time to come. My best wishes to the team of Arrivae.

Shishir Gupta, Founder and CEO, StartupLanes

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