Interior Design | Pixr8 News

24Dec By PriyankaNo Comments

FUNDING

HomeLane Raises USD 30mn in Series D Funding

New Delhi, Dec 23, 2019: Interior designing platform HomeLane has raised USD 30 million (about Rs 213 crore) in Series D funding led by new investors Evolvence India Fund, Pidilite Group and FJ Labs. The funding round also saw participation from Sequoia Capital, Accel Partners and JSW Ventures. With the current round, the total funding raised by HomeLane stands at USD 46 million. The current round is estimated to value the company at USD 150-250 million. "We will use the funds for three things for our next phase of growth that will include launching renovation as a category; scaling our proprietary design-to-manufacturing platform to more designers, vendors, and installers; and expanding to 8-10 new cities in India," HomeLane founder and CEO Srikanth Iyer told Pixr8 News. He a...

9Oct By PriyankaNo Comments

FUNDING

Home Decor Startup MyGubbi Raises $2.7 Mn Pre-Series A Funding

Customized home interiors decor startup MyGubbi has raised $2.7 million pre-series A funding led by the family office of Firoze Irani; Vipul Parekh(co-founder BigBasket), Ananda Kallugadde(co-founder of NeoBytes) and Rajesh K Murthy(President Infosys), among others. Founded by Umesh Sangurmath and Ravi Rao in 2015, MyGubbi (Kannad for 'My Sparrow'), the startup aims on the interior design and furnishing solutions; allowing its customers to design their dream homes. The company earlier raised a funding of around $2.5 million by Vipul Parekh and others. ALSO READ 20 Years Old AOL Instant Messenger To Sign Off The funds raised will be utilized to grow the business. "We would look at going deeper into existing markets, as well as strengthen our backend. We are a...

Interior Design Startup Furdo Races to Profitability in Under 14 Months

22Mar By PriyankaNo Comments

Story

Interior Design Startup Furdo Races to Profitability in Under 14 Months

Bangalore-based online interior design platform, Furdo, has achieved what most well-funded startups have struggled to achieve since inception - 'Become Profitable'. Started with an angel investment of $400K, Furdo has been growing at an average of 30% month-on-month since April 2016, that lead to them achieving operational breakeven in September 2016. The key driver to this breakeven story lies in a single word, that everybody at Furdo across verticals and hierarchies, is asked to internalise - 'IMPACT'. "We are an impact focused organisation. Maximum impact from minimum effort/spend has always been the primary goal across verticals," says Ishwar Sundararaman, Co-founder & CEO, on the single-most important thing that has been responsible for Furdo's race to profitability. Foun...

Interior Design Startup Furdo Raises $400K in Angel Round

24Sep By AnkitaNo Comments

News

Interior Design Startup Furdo Raises $400K in Angel Round

Furdo, an interior design startup based in Bangalore, has managed to raise $400K in Angel round of investment, from Bobby Reddy of Indus Homes Pvt. Ltd. Founded by Kiran Singh, Arvind Prakash Singh and Ishwar Sundararaman, Furdo is an e-commerce platform for interior designs, which helps new-home buyers 'Virtually Walk' in their interior designed homes and see it from every corner. Like this video which shows one of their themes applied to a home. (more…)