A group of angel investors led by Yogesh Choudary of Jaipur Rugs have contributed $1.2 million to Infurnia Technologies, a cloud-native architecture design software startup. This raise values the business at $17 million.
With this, Infurnia’s funding total increased to $3.7 million.
The Bengaluru-based startup raised $240,000 in funding back in September 2020 from angel investors, one of whom was FusionCharts founder Pallav Nadhani.
Nikhil Kumar and Lovepreet Mann founded Infurnia in 2014; it provides professionals with a cloud-based platform to design interior spaces, buildings, and modular kitchens. Designers can sign up on the platform and use the software from any location.
More than 300 clients are reportedly active with Infurnia. Currently, it serves the Indian market primarily, though it also has ten paying clients abroad. In the first half of 2024, Infurnia plans to launch a local sales team and enter the North American market.
Among its notable clientele are Livspace, Hometown, Durian, Gopalan, Purva Streaks by Puravankara, and Homworks by Prominance.
The platform raised its first round of funding in May 2015, and in January 2016, it was given $160,000 by the venture capital firm Idein Ventures, which is based in the United Arab Emirates.
