Yogesh Chaudhary of Jaipur Rugs is the lead investor in the $1.2 million investment round for SaaS firm Infurnia Technologies. With this, the firm has raised a total of $3.7 million in funding to date.
The money will be used by Infurnia to expand its customer base and carry on developing new products.
Commenting on the funding round, cofounder Nikhil Kumar said, “We needed product-oriented investors who understand it takes time to create a usable and marketable product in the deep tech space we are into.”
The firm states that it has more than 300 active clients at the moment. Despite serving over ten foreign clients, Infurnia primarily serves the Indian market. Among its clientele are businesses like Livspace, Hometown, Durian, Gopalan, Purva Streaks by Puravankara, and Homeworks by Prominance, reported by Inc42.
Professionals can work together on the same design, receive interactive client feedback, and access actual product catalogues from major international businesses thanks to its web-based methodology. The startup stated that by H1 2024, it intends to hire a local sales force in order to access the North American market.
The first cloud-based programme for interior design and architecture made specifically for professionals and corporations is called Infurnia. Without the need to download any software, users may access Infurnia’s design platform from any location and on any device.