Funding Alert
Home decor startup Spacejoy raises $4 million in funding led by Accel
-
ByAmbi Das | February 10, 2022
Spacejoy, a home style and furniture eCommerce stage, has brought $4 million up in a subsidizing round led by Accel. The subsidizing round additionally saw cooperation from TI Platform and TiE SoCal Angels, including private supporters and land/prop-tech organizers, like Venkat Tadanki, Larry Braitman, SquareFoot CEO Jonathan Wasserstrum, Jeroen Bertrams, and Landis originators Cyril Berdugo and Tom Petit
Established by Arnab Saharoy and Vinay Indresh in 2019, Spacejoy is an Accel-subsidized startup constructing the eventual fate of home plans by winding around craftsmanship and intelligent 3D innovation to empower the delight of planning homes in basic and simple tasks.
The startup has advanced into an online business stage to assist with outfitting homes. Utilizing 3D tech and AI, the home style and furniture eCommerce stage customizes the whole shopping experience by improving on how clients find items and imagine them in a room.
According to Arnab Saharoy, Spacejoy’s plan drove stage empowers clients to recognize items by the wellspring of motivation and find arranged items that function admirably together both tastefully and practically.
The startup’s annualized income run rate has hopped 10x over the most recent two years to $5 million. According to the organizers, Spacejoy is probably going to clock 10x development throughout the following year and a half.
Also Read
-
-
Clean-label food brand Anveshan has raised Rs 150 crore (nearly $16 million) in a Series B funding round led by Vertex Ventures Southeast Asia & India. The round also saw participation from International Finance Corporation (IFC), Swiggy co-founder Sri Harsha Majety, and existing investors including Wipro Consumer Care Ventures, Titan Capital Winners Fund, Force Ventures, and boAt co-founders Aman Gupta and Sameer Mehta. Entrackr had exclusively reported the development last week. According to Entrackr’s estimates, the funding valued the company at over $90 million. The fresh capital will be used to strengthen manufacturing capabilities, accelerate product development, expand offline distribution, and deepen its digital presence. The company also plans to invest in sourcing infrastructure, procurement systems, quality assurance, and testing capabilities while expanding partnerships with micro entrepreneurs and traditional producers. Founded in 2020 by Kuldeep Parewa, Akhil Kansal, and Aayushi Khandelwal, Anveshan sells minimally processed food products including A2 bilona ghee, cold-pressed oils, raw honey, atta, and other traditional nutrition-focused products. The startup operates through a network of rural producers and micro entrepreneurs across the country. Anveshan claims to be operating at an annual revenue run rate of Rs 280-300 crore and is targeting Rs 1,000 crore in revenue over the next 24-30 months. The company plans to expand its atta portfolio, strengthen its owned digital channels, scale offline distribution, and continue investing in product innovation. For the fiscal year ended March 2025, Anveshan reported a 64.6% increase in operating revenue to Rs 77.08 crore from Rs 46.84 crore in FY24. Its losses widened to Rs 11.88 crore in FY25 from Rs 5.74 crore in the previous fiscal year....
Follow Startup Story
