Relso Secures $840K Funding for Global Expansion, Led by Venture Catalysts and Inflection Point Ventures

• ByStartupStory     |    March 19, 2024

Relso, the furniture cloud factory based in India, has announced the successful closure of its latest funding round, securing $840K. The investment was co-led by prominent angel-investing platforms Ventures Catalysts and Inflection Point Ventures. Notable investors such as Ramakant Sharma (Livspace Founder and Global COO), Shantanu Deshpande (Bombay Shaving Co. Founder), and Saurabh Jain (Livspace India CEO) also participated in the round.

The funding will be utilized to execute Relso’s ambitious global expansion strategy, recruit top-tier talent, expand its team and verticals, and fuel its growth and innovation objectives. This funding aligns with Relso’s vision to establish a dominant presence in the global furniture manufacturing and export sector.

Founded in early 2023 by IITians Anshul Choubey, Abhinav Agarwal, and Jay Trivedi, Relso embodies the ethos of ‘Make in India and Sell Globally.’ The co-founders’ diverse expertise and extensive entrepreneurial experience position Relso to tackle challenges across various industries.

Dr. Apoorva Ranjan Sharma, MD, and CEO of Venture Catalysts, commented, “At Venture Catalysts, we are committed to identifying and nurturing India’s most promising startups with the potential to redefine industries and transcend borders. In just a year of operations, Relso has swiftly emerged as a game-changer in the furniture sector, harnessing the power of technology and ingenuity to redefine traditional paradigms and boasts of an impressive execution track record. Relso is poised to propel India to the forefront of the global furniture market, replacing the current leader, China. We are thrilled to partner with Relso on this transformative journey and look forward to supporting their growth and success.”

Mitesh Shah, Co-Founder of Inflection Point Ventures, added, “Traditional furniture manufacturing processes not only neglect sustainability standards but also entail significant resource consumption, lengthy lead time and limited design flexibility. By embracing cloud-based manufacturing solutions, Relso is revolutionizing the customer experience by prioritizing quality and sustainability throughout the design-to-delivery process, offering latest designs with flexibility to change and competitive pricing. IPV’s investment in Relso is a testament to its firm belief in the transformative power of innovation.”

Anshul Choubey, Co-Founder and CEO of Relso, stated, “Venture Catalysts and IPV along with other investors have focused on meticulously understanding our business, along with providing invaluable insights and fostering a deep understanding of our goals. With this fundraise, we aim to supercharge our export GTM strategies, bolster our tech platform, and expand our supply chains. This infusion of capital will propel Relso and India as the top choice for our clients’ export needs, furthering our mission and vision for the future.”

Relso’s disruptive approach to furniture manufacturing focuses on meeting the specific needs of the mid-market segment. By offering tailored design solutions, accommodating low minimum order quantities (MOQs), and ensuring reliability and scalability, Relso has become a preferred partner for discerning customers in the burgeoning B2B commerce space.

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