Sunday, September 25, 2022
HomeInsightFunding Alert Arrivae raises Rs 75 crore funding from Think Investments, Havells Group

[Funding alert] Arrivae raises Rs 75 crore funding from Think Investments, Havells Group

Arrivae
Yash Kela, founder of Arrivae

Arrivae, an interior designing & furniture manufacturer startup, raised Rs 75 crore in Series B round from Think Investments, Havells Group and Emerge capital.

The company said that fund will be utilised for expanding its product roadmap, design process, digitally integrated supply chain, onsite renovation platform and creating more private labels.

“We are still in the early stages of our journey to become the consumer’s most trusted and recognised home design platform. I believe in the enormous magnitude of the possibility and the prospect of fixing a customer’s inefficiencies of time, money, and inconveniences.”, Yash Kela, founder of Arrivae, said.

”Arrivae planned to utilise the funds for its ‘Made By You’ design process, digitally integrated supply chain, intelligent 4.0 manufacturing process, onsite renovation platform and creating more private labels,” the company said.

“As the large Rs 4-trillion fragmented global home improvement space sees a value shift from unorganised to organised, there is obviously a great opportunity, but not without its own unique challenges. In this context, Arrivae stands out in both how they have built an integrated supply chain while solving the problem of design variety for the consumer, and the capital efficiency of their model.” a spokesperson of Havells Group said.

Arrivae is a customised full home interior solution provider that designing the finest homes by some of the finest architects and interior designers, to material supplied by some of the most credible vendors.

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