In a pre-seed round co-led by Ventures Catalysts and Inflection Point Ventures, Bengaluru-based Relso has raised $840,000. Among the investors in the round were Saurabh Jain, the CEO of Livspace India, Ramakant Sharma, the founder and global COO of Livspace, and Shantanu Deshpande, a co-founder of Bombay Shaving.
According to a press release from the company, the new funding will be used for team building, talent acquisition, expansion, and other purposes.
Relso, which was co-founded in early 2023 by Anshul Choubey, Abhinav Agarwal, and Jay Trivedi, bills itself as a “cloud factory” for furniture with the mission statement, “Made in India, sell globally.” In essence, the business provides a large selection of furniture to retailers and brands. Various design options, low MOQs, customization, and other features are among its offerings.
Venture Catalysts recently invested Rs 6 crore in Fiona Diamonds, a lab-grown diamond brand, during its seed round.
