Funding Alert

Kids furniture brand Boingg! bags Rs. 2 Crore in Pre-Series A round led by IPV


Boingg! , a D2C kids furniture brand has raised Rs. 2 Crore in a Pre-Series A round led by Infection Point Venture (IPV). 

The funds will be used to expand the company’s machinery, licensing, and branding. Since the last fundraise, the company has expanded its physical footprint by opening a physical store in Gurgaon.

Boingg, founded by Neha Indoria and Dhruvan Barar, provides real-time customizations, assisting parents in designing functional and stylish furniture for their children’s rooms. They also have products in all categories related to decorating children’s rooms.

Boingg!

The brand operates on an inventory-free model to save money on real estate, storage, and maintenance. They also provide products in every category relevant to decorating kid-friendly spaces.

The startup claims to have over 2,500 SKUs that are designed and manufactured in-house.

Inflection Point Ventures (IPV), an early-stage angel investing firm, recently announced the launch of a $50 million CAT 2 AIF Physis Capital to invest in pre-Series A to Series B growth-stage start-ups. Among its portfolio companies are Amikus AI, Suraasa, Fresh From Farm, Buyofuel, Automovill, and Qube Health.

 

Follow Startup Story

Related Posts

© Startup Story Private Limited. All Rights Reserved.