Angel Investments
Home decor co. The Artment raises Rs.10-Cr from IAN Group
Gurugram-based The Artment has raised INR 10 crore in a pre-Series A funding round from IAN Group, through its IAN Angel Fund, along with other angel investors.Founded by Aditya Agarwal and Aanchal Agarwal, The Artment is a contemporary home decor and furniture brand focused on design-led products for modern living. The new capital will be used to accelerate product development, enter new categories, strengthen supply chain and inventory systems, and expand the team. The funds will also support an omnichannel strategy, including offline presence and increased international sales.
For FY24, The Artment had reported about INR 19 Cr in Operating Income and about INR 1 Cr in Net Loss.
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