Infurnia, a cloud-native architecture design software startup, has secured $1.2 million in an angel round led by Yogesh Chaudhary, an existing investor and owner of Jaipur Rugs. As per the startup, the funding will now be used to expand its market presence in newer geographies besides continued product development of its flagship design product and the upcoming manufacturing solution.
Founded by Nikhil Kumar and Lovepreet Mann in 2014, Infurnia provides a cloud-based platform for professionals to design buildings, interiors, and modular kitchens.
Infurnia is the world’s first all-in-one cloud-native design software startup for the architecture and interior design industry.
Furthermore, 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.
This brings Infurnia’s total angel fundraising to $4.9 million across multiple rounds since its inception.
In September 2020, the Bengaluru-based startup raised $240K in funding from angel investors like Pallav Nadhani, founder of FusionCharts.
The startup claims to have significantly expanded its client base, adding over 600 clients and reaching $1 million in annual recurring revenue (ARR).
Infurnia’s customer base includes LivSpace, Hometown, Purvankara, and Urban Ladder.
Source: thestartuplab.in
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