VC Fund Investments
Furniture retailer Furnishka raises Rs.27-Cr from IndiaQuotient, others
Bengaluru-based furniture retailer Furnishka has raised INR 27 crore (USD 3.25 million) pre-Series A funding round led by IndiaQuotient with participation from Sparrow Capital and angel investors including Udaan cofounder Sujeet Kumar and Livspace cofounder Ramakant Sharma. The company plans to use the fresh capital to advance its product design and development, boost manufacturing and supply chain capabilities and expand into new locations.Founded in 2023 by Spinny co-founder Ganesh Pawar, Furnishka operates both online and offline stores in Bengaluru, offering over 1,000 SKUs (stock-keeping-units) and customizable designs.
In Aug 2023, Furnishka had raised about USD 2.17 M from Beenext, LogX Ventures, Sparrow Capital and Z21 Ventures.
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