With a 7.5% equity stake in Shark Tank India, Bokaro-based Artociti has raised Rs 1 crore, valuing the startup at about Rs 13.33 crore. Namita Thapar and Vineeta Singh made the investment.
The money raised will be utilized to establish a new production plant in Bokaro, Jharkhand. The company intends to shorten delivery times, standardize quality control, and expand production capacity.
Chennai, Bengaluru, and Pune will also see the expansion of Artociti’s experience-led retail model.
Indrajeet Kumar and Swatiki Prakash founded Artociti, a company that produces large-format relief décor pieces and works in the 3D wall art market. The company currently serves both residential and commercial spaces at its 3,000 square foot experience center in Kirti Nagar, Delhi.
The startup has more than 80 employees and runs a vertically integrated manufacturing facility.
