Infurnia Technologies, a cloud-native architecture design software startup, has raised $1.2 million from a clutch of angel investors led by Yogesh Choudary of Jaipur Rugs, valuing the company at $17 million.
This brought Infurnia’s total funding to $3.7 million.
Back in September 2020, the Bengaluru-based startup had raised $240K funding from angel investors including Pallav Nadhani, founder of FusionCharts in.
Founded in 2014 by Nikhil Kumar and Lovepreet Mann, Infurnia offers a cloud-based platform for professionals to design buildings, interiors, and modular kitchens. The platform allows designers to register and start using the software from anywhere.
Infurnia claims to have over 300 active clients. It mainly caters to the Indian market currently, although it has 10 international paying clients, too. Infurnia will be venturing into the North American market with a local sales team presence in the first half 2024.
It counts Livspace, Hometown, Durian, Gopalan, Purva Streaks by Puravankara and Homworks by Prominance as marquee clients.
In May 2015, the platform secured the first angel round of investment, and later, in January 2016, it received $160,000 from UAE-based venture capital firm Idein Ventures.