Infurnia Technologies Secures $1.2 Million in Fresh Funding Round
- ByStartupStory | October 31, 2023
Infurnia Technologies, a startup specializing in cloud-native architecture design software, has successfully raised $1.2 million from a group of angel investors, with Yogesh Choudary of Jaipur Rugs leading the investment. This latest funding round has placed the company’s valuation at $17 million and brings Infurnia’s total funding to $3.7 million.
Back in September 2020, this Bengaluru-based startup received $240,000 in funding from angel investors, including Pallav Nadhani, the founder of FusionCharts.
Infurnia, established in 2014 by co-founders Nikhil Kumar and Lovepreet Mann, offers a cloud-based platform tailored for professionals in the field of architecture and interior design.
The platform empowers designers to access and use their software from any location, facilitating seamless and collaborative design work.
Currently, Infurnia primarily serves the Indian market, boasting over 300 active clients. Notably, the company has also attracted 10 international paying clients. In the first half of 2024, Infurnia will be making its foray into the North American market, establishing a local sales team presence.
Among its notable clients are Livspace, Hometown, Durian, Gopalan, Purva Streaks by Puravankara, and Homworks by Prominance.
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The platform’s journey includes securing its first angel round of investment in May 2015, followed by a $160,000 investment from UAE-based venture capital firm Idein Ventures in January 2016.
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