Arrivae raises Rs 50 crore in a funding round led by Rakesh Jhunjhunwala
- ByManjeet Singh | October 15, 2021
Business magnate Rakesh Jhunjhunwala of Rakesh Jhunjhunwala Enterprises led the first external round of funding for furniture startup Arrivae on Thursday. Using the capital, the company will upgrade its “Made By You” design process, integrate its supply chain digitally, implement a smart 4.0 manufacturing process, and develop a new on-site renovation platform.
The funding round was attended by investors across retail, real estate and capital markets, including the Enam family, Siddharth Yog (Founder, Xander Group), Anand Jain (Chairman, Jai Corp), Harsh Jain (Founder, Dream 11) and Ramesh S. Damani (Chairman, DMart).
“At Arrivae, we are still in the early stages of our roadmap to become a leading, full home improvement ecosystem in India. Partnerships are core to us at Arrivae and strengthen our brand trust in the ecosystem, particularly for the consumers.
All the veterans who have participated in this round would enable more trust in the Arrivae brand,” Arrivae Founder Yash Kela said in a statement.
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