Artociti raises Rs 1 Cr on Shark Tank India at Rs 13.33 Cr valuation

Bokaro-based Artociti has raised Rs 1 crore for a 7.5% equity stake in Shark Tank India, valuing the startup at approximately Rs 13.33 crore. The investment was made by Namita Thapar and Vineeta Singh.

The proceeds will be used to set up a new manufacturing facility in Bokaro, Jharkhand. The brand plans to increase production capacity, standardise quality control, and reduce delivery timelines. 

Artociti will also expand its experience-led retail format to Pune, Bengaluru, and Chennai.

Founded by Indrajeet Kumar and Swatiki Prakash, Artociti operates in the 3D wall art segment, manufacturing large-format relief décor pieces. The brand currently runs a 3,000 sq ft experience centre in Kirti Nagar, Delhi and caters to residential and commercial spaces.

The startup operates a vertically integrated manufacturing unit and employs over 80 people.