The funding is led by Pallav Nadhani among other investors
The round values the Bengaluru-based startup at $7 million
Bengaluru, NFAPost: In the ongoing pandemic, Architecture and interior design software platform Infurnia announced their latest round of funding to the tune of $240k from a cluster of angel investors including Pallav nadhani, Founder of FusionCharts. This puts the total amount of capital raised at $1million and valuing the startup at $7million.
Infurnia, which was co-founded in 2014 by Nikhil Kumar and Lovepreet Mann, offers a cloud-based platform to professionals to design buildings, interiors, modular kitchens and floor plans. The platform allows designers to register and start using the software from anywhere.
The funding is backed by the recent progressive developments at Infurnia such as becoming the design technology partner of India’s online home and lifestyle shopping store selling products – Pepperfy and being recognised as a promising startup in some of the reputed industry events such as Built world Technology India (BWT-India).
Commenting on the funding, Infurnia CEO Lovpreet Mann said this funding will give Infurnia the required capabilities to make inroads in the global market whilst strengthening our presence in the local market.
“The fact that we have been in the investors radar is testament of the value proposition of our offerings. Whith this fresh round of funding, we also look at gaining insights and business perspectives from industry veterans such as Pallav Nadhani,” said Infurnia CEO Lovpreet Mann.
Commenting on the funding, Pallav Nadhani said one of the main reasons to back Infurnia was their value proposition and the ability to bag reputed clients such as pepperfry, especially during the pandemic.
Software on the web
“Their offering has potential to scale across geographies. We look forward to working with Infurnia closely to reach new markets and increase the business figures in the coming few quarters,” said Pallav Nadhani.
Where other software in this industry just allow file syncing on the cloud, Infurnia enables its designers to become truly mobile and work from any device anywhere anytime by offering the entire software on the web. The company charges $500 per user per year for enterprises and $200 per user per year for freelance designers.
Infurnia has over 400 organic sign-ups on a month-on-month basis, of which over 30% are from overseas. It is on the path for being cash flow positive in 2020.