Infurnia Raises 1.2 mn Funding From Interior Industry Leaders

Infurnia Raises 1.2 mn Funding From Interior Industry Leaders

Infurnia Raises

New Delhi, 16th May 2024: Infurnia is thrilled to announce yet another successful closure of a $1.2 million funding round from a host of individuals and companies. This brings Infurnia’s total angel fundraising to $4.9 million, accumulated across multiple rounds since its inception.

Infurnia is the world’s first all-in-one cloud-native design software startup for the architecture and interior design industry. This investment round includes significant contributions from esteemed backers such as industry-leading veneer company – Coast to Coast, plyboard company – Greenply, architectural hardware company – Ozone, EyeQ Dezigns founded by promoters of leading interior industry media organizations Ply Reporter and Surfaces Reporter, etc. The funding round also saw investments from the promoter group of leading Interior design unicorn – Livspace. The round was led by Yogesh Chaudhary, an existing investor and owner of Jaipur Rugs.

Infurnia was started by IIT graduates Nikhil Kumar and Lovepreet Mann in 2014. It has grown through the years with the help of a series of angel investments. This angel round marks a pivotal milestone in the startup’s ambitious expansion strategy with the onboarding of many market leaders in the interior industry. The startup plans to utilize the funds to expand its market presence in newer geographies besides continued product development of its flagship design product and the upcoming manufacturing solution.

Infurnia’s groundbreaking cloud-based platform is revolutionizing the $10 billion design and construction technology industry, long dominated by outdated desktop solutions from firms like Autodesk. As the premier cloud-native suite, Infurnia offers cloud-based integrated tools for design, documentation, and visualization, addressing the full spectrum of needs for architecture and interior design firms globally. Available on a subscription basis, the software ensures accessibility and scalability.

Over the past year, Infurnia, the pioneering cloud-native design software company for the architecture and interior design industry, has significantly expanded its client base, adding over 600 clients and reaching $1 million in Annual Recurring Revenue (ARR). The company’s operations span India, Southeast Asia, and the Middle East. The startup has plans to slowly expand into Western nations in the next few quarters.

Infurnia is now gearing up to launch a new product line, the MES (Manufacturing Execution System) solution. ‘Infurnia MES’ would complement Infurnia’s design software for the panel processing industry. While companies would be able to create designs with the help of Infurnia design software, they would be able to manufacture and assemble seamlessly with the help of Infurnia MES solution. Infurnia is on a revenue-driven journey and the startup is looking forward to becoming cash-flow positive in the current financial year. Infurnia boasts a roster of marquee clients including LivSpace, Hometown, Purvankara, and Urban Ladder, demonstrating the platform’s broad appeal and adaptability.

Rabindra

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