In an equity round, Mithun Sacheti, the founder of CaratLane, invested Rs 21 crore in the interior design company Arrivae.
According to business chief Raghav Bubna, the company will bolster its supply chain and expand into current areas with the capital, as reported by The Economic Times.
Read also – [Funding alert] IIT Kanpur Startup Simactricals Secures INR 75 Lakh Funding
Sacheti is expected to become a member of Arrivae’s board of directors after this investment. On the board of directors are Bubna, Yash Kela, and renowned investor Madhusudhan Kela of MK Ventures.
Arrivae secured Rs 75 crore in 2022 from several sources, including Havells Group and Think Investments. Among its supporters are Rekha Jhunjhunwala, Harsh Jain, the founder and CEO of Dream11, and Ramesh Damani, the chairman of DMart.
Arrivae promises to have an inventory containing more than a million components and offers full assistance for home interiors and upgrades, from design to manufacture.
About Arrivae
Founded by Yash Kela, Arrivae provides in-house interior designing services. It provides furniture and home improvement products. The interior designing solutions are provided for kitchen, wardrobe & apartments.
Want to go deeper into the world of startups and entrepreneurship? Check out these categories on VIESTORIES:
Startup Success Stories: Discover inspiring tales of startups overcoming challenges and achieving success.
Funding Startup News: Stay updated with the latest news and trends in startup funding and investment.
Startup Insights: Dive into in-depth analyses of various industries and market trends to make informed business decisions.
