Cinnamon Homes Receives Angel Funding from Several Investors
- ByStartupStory | November 30, 2022
Cinnamon Homes, a new-age home furnishings and home décor company with its headquarters in Delhi-NCR, has acquired an unknown sum of angel money in its initial round of fundraising from various angel investors. Rahul Dash, co-founder of Purplle (a unicorn start-up in the beauty industry), and Chetan Jajoria, vice president at Deutsche Bank, jointly led the investment round. Cinnamon Homes will use the money received through this angel round to strengthen its marketing and product development initiatives, as well as to propel immediate business growth and expansion in the Delhi-NCR region.
Anand Suman, Founder, and CEO, of Cinnamon Homes, said, “We at Cinnamon Homes are delighted to announce our first round of investment and support from various reputable angels. As an experience-led subtle premium brand with superlative aesthetic designs at the core of our product offerings, this fundraising shall go a long way to help us in realizing our business objectives to the fullest. It will also help us in moving closer towards our short-term goal of strengthening our presence in NCR over the short term, as well as our long-term goal of expanding our brand’s experience centers to all major metros in India along with consolidating our online presence through our website.”
Investor Rahul Dash, Co-Founder, and COO, Purplle added, “Cinnamon Homes as a brand has great potential, as now is right on time when the customers are getting increasingly conscious about how gorgeous their homes would look. I foresee Cinnamon homes satisfying these aspirations very well in the months and years to come. And so, I am glad to associate with the brand to support and help them scale nationally.”
Investor Chetan Jajoria, VP of Deutsche Bank, stated, “I have personally known Cinnamon Homes’ founder Anand for over one and a half decades now. I am simply in awe of what he has created with Cinnamon and how the customers are loving the brand’s collections. And it’s a delight and pleasure for me to support this brand as one of its early investors.” Since its founding in August of this year, Cinnamon Homes has consistently created products that are both incredibly appealing and original. They want to be a one-stop shop where clients can go to set up their complete residence. To that end, Cinnamon will continue to make significant investments in designing its collections with the entire home in mind and, as needed, performing customization to meet the needs of its clients and customers.
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