SaaS startup Infurnia raises $1.2M in an angel round led by Yogesh Chaudhary

Infurnia, a cloud-native architecture design software startup, has raised $1.2 million in its latest funding round, led by Yogesh Chaudhary, an existing investor and the owner of Jaipur Rugs.

The round marks another significant step in the startup's growth, boosting its total angel fundraising to $4.9 million since its inception.

Who are the participating investors?

Coast to Coast (a veneer company), Greenply (a plyboard company), and Ozone (an architectural hardware company) also participated in the round. 

Furthermore, investments came from EyeQ Dezigns and the promoter group of Livspace, enhancing the diversity and strength of Infurnia's investment portfolio.

What is the purpose of fundraising?

The startup plans to use the raised capital for geographical expansion and product development.

It aims to extend its market presence into new regions and continue developing its flagship architectural and interior design software and an upcoming solution tailored for the manufacturing sector.

Infurnia growth

Since its founding in 2014 by Nikhil Kumar and Lovepreet Mann, both IIT graduates, Infurnia claims to have added over 600 clients, propelling its annual recurring revenue (ARR) to reach the $1 million milestone.

LivSpace, Hometown, Purvankara, and Urban Ladder are some of its notable clients.

What does Infurnia do?

Infurnia is acclaimed as the world's first all-in-one, cloud-native design software startup for the architecture and interior design industry.

The startup offers a comprehensive cloud-based platform that allows professionals to design buildings, interiors, and modular kitchens efficiently.

The platform is known for its data management capabilities, collaboration tools, and accessibility across different devices, making it a versatile choice for industry professionals looking to leverage the power of cloud technology in their design processes.