Arrivae raises Rs. 50Cr in funding
Furniture startup Arrivae announced yesterday that it raised Rs. 50 crore in its first round of funding led by Rakesh Jhunjhunwala. The round also saw participation from Enam family, Siddharth Yog (Xander Group), Anand Jain (Jai Corp), Harsh Jain (Dream11) and Ramesh S. Damani (DMart).
Founder Yash Kela stated “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.” He added, “I believe in the massive size of the opportunity- the value shift from unorganised on-site work to organised custom-made factory finish deliveries, the integrated supply chain defensibilities and the prospect of solving the inefficiencies of time, cost, and hassles that a customer faces.”
The company currently has 35 outlets across 19 cities in India
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