On Thursday, the cloud-native architecture design software startup Infurnia (1) stated that it had secured 240,000 USD in its latest funding round. A cluster of Angel investors participated in the round, including Founder of FusionCharts, Pallav Nadhani.
With the latest infusions, the company has raised 1 million USD capital, with valuation standing at 7 million USD. Lovepreet Mann, CEO and Co-founder of Infurnia, stated that the latest fundraise would increase their capacity to embark on the global market while robustly its local market presence. Investments indicate the company’s value position. The company is also looking forward to gaining insights and perspectives of industry veterans such as Pallav Nadhani, he added.
Nikhil Kumar and Lovepreet Mann founded the Bengaluru-based startup in 2014. Infurnia provides a cloud-based platform for professionals to design interiors, buildings, and modular kitchens. It will allow designers to register and start using the platform anywhere.
In a release, the firm states that the company’s recent progressive developments include it becoming a design technology partner of Pepperfry, India’s leading online home and lifestyle shopping store. Notably, Infurnia also won the construction technology startup competition of Build World Technology India. All these achievements and developments are backing the latest infusions.
Infurnia to Scale Up Globally to Increase its Figures
Pallav Nadhani, while commenting on the latest investments to Infurnia, stated that the startup has its value proposition. During the pandemic, it bagged reputed clients like Pepperfry is an achievement. These are some of the primary reasons to back the firm. It has the potential to grow its market globally. Pallav is looking forward to work closely with the founders to reach new markets and increase business revenues in upcoming quarters.
Other industries only allow files to sync with clouds; however, Infurnia claims that their users can turn truly mobile with its software. The company is offering its entire software on the web. It means that users can use it to work from any device, anytime, and anywhere.
As an enterprise, you will get its services at 500 USD per user, whereas, if you are a freelance designer, you can avail the services at 200 USD. Infurnia secured its first angel investment round in 2015, and again in January 2016. The company secured 160K USD from Idein Ventures, based in UAE. In October 2019, the startup raised 200K USD from angel investors.