Arrivae generated extra Rs 50 crore in Series-B funding
16 Dec 2021
2 Min Read
CW Team
Arrivae, a home interior solution company, raised Rs 50 crore extra in the Series-B funding round, led by Havells Group. Emerge Capital also participated in the funding along with the existing investors.
The company has raised Rs 50 crore from Rakesh Jhunjhunwala, with Enam family, Founder of Xander Group, Siddhart Yog, Chairman of Jai Corporation, Anand Jain, Founder of Dream11, Harsh Jain and Chairman of DMart, Ramesh S Damani.
The company has planned to use the funds for its Made By You design process, digitally integrated supply chain, intelligent 4.0 manufacturing, onsite renovation and creating private labels.
With the company's remarkable project delivery and building scale in 19 cities through 35 stores, it has successfully created more than 12,000 spaces with the help of 275 designers.
The Chairman of Havells Group, Anil Rai Gupta, said that the four lakh crore global home improvement witnesses a value shift from unorganised to organised. There is a good opportunity with its unique challenges.
He said that Arrivae stands out in both the cases on how they have built an integrated supply chain while solving the problem of design variety for the customers and the capital efficiency of the model.
The founder of Arrivae, Yash Kela, said that the partnerships are important for the company and strengthen the brand trust, mainly for the consumers. The company shows delight in having QRG Holdings and Havells Group be a part of the company's project.
Arrivae, a home interior solution company, raised Rs 50 crore extra in the Series-B funding round, led by Havells Group. Emerge Capital also participated in the funding along with the existing investors.
The company has raised Rs 50 crore from Rakesh Jhunjhunwala, with Enam family, Founder of Xander Group, Siddhart Yog, Chairman of Jai Corporation, Anand Jain, Founder of Dream11, Harsh Jain and Chairman of DMart, Ramesh S Damani.
The company has planned to use the funds for its Made By You design process, digitally integrated supply chain, intelligent 4.0 manufacturing, onsite renovation and creating private labels.
With the company's remarkable project delivery and building scale in 19 cities through 35 stores, it has successfully created more than 12,000 spaces with the help of 275 designers.
The Chairman of Havells Group, Anil Rai Gupta, said that the four lakh crore global home improvement witnesses a value shift from unorganised to organised. There is a good opportunity with its unique challenges.
He said that Arrivae stands out in both the cases on how they have built an integrated supply chain while solving the problem of design variety for the customers and the capital efficiency of the model.
The founder of Arrivae, Yash Kela, said that the partnerships are important for the company and strengthen the brand trust, mainly for the consumers. The company shows delight in having QRG Holdings and Havells Group be a part of the company's project.
Image Source
Next Story
Mumbai-Ahmedabad Bullet Train Set to Launch by 2028
India鈥檚 first bullet train is set to revolutionize high-speed travel along the western corridor, with the Mumbai-Ahmedabad high-speed rail project aiming for a 2028 launch. This announcement marks a major milestone in India鈥檚 infrastructure goals, as it promises to reduce travel time between the two economic hubs from eight hours to just three.Spanning a planned 508-kilometre stretch, the corridor stands as a flagship example of Indo-Japanese collaboration in technology and engineering. Once operational, the train is expected to transform intercity mobility and place India among the select..
Next Story
Mumbai-Gandhinagar Train Service Enhances Passenger Capacity
The Mumbai Central鈥揋andhinagar Capital Vande Bharat Express has increased its passenger capacity by adding four additional AC chair car coaches to meet the growing commuter demand on one of India鈥檚 busiest business corridors. This upgrade, effective from 11 May, raised the train鈥檚 seating capacity from 1,128 to 1,440 passengers, allowing it to serve 936 more passengers daily in both directions. The increase was described as a practical measure to accommodate the surging demand on the busy Mumbai鈥揂hmedabad鈥揋andhinagar route, which regularly operates at over 150 percent seat occupancy...
Next Story
Delhi Plans 12 Sewage Plants to Clean Najafgarh Drain Efficiently
Delhi鈥檚 ambitious plan to improve the water quality of the Yamuna River has gained significant momentum as the Delhi Jal Board (DJB) has begun work on 12 new sewage treatment plants (STPs) aimed at reducing the volume of untreated sewage being discharged from the Najafgarh Drain.This initiative forms part of the ongoing efforts to clean the Yamuna and restore the river鈥檚 health, which has long been a critical environmental issue for the national capital. Given the alarming pollution levels in the Yamuna, experts and officials consider this project a vital step toward addressing the persist..
