VC Fund Investments
Home Interiors player Arrivae raises Rs.50-Cr Havells Group, Emerge Capital, others
Bengaluru-based Arrivae, a made-to-order furniture manufacturer and home improvement company, has raised an additional INR 50 crore in Series A round led by Havells Group. The funding round also witnessed the participation of Emerge Capital and existing investors. Arrivae has created over 12,000 spaces with the help of its over 275 designers. It plans to use 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. Recently, the company raised INR 50 crore from Rakesh Jhunjhunwala along with Enam family, Siddharth Yog (founder, Xander Group), Anand Jain (chairman, Jai Corp), Harsh Jain (founder, Dream 11) and Ramesh S Damani (chairman, DMart).
From the Venture Intelligence PE-VC Deal Database: Between Feb-20 and Apr-21, Arrivae had raised funding Yuj Ventures, Rare Enterprises, Volrado Ventures and others. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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