Made-to-order furniture manufacturer and home improvement startup, Arrivae raised INR 75 Crore in Series B from Think Investments and Havells Group. Emerge Capital and current investors also participated.
Arrivae was founded to empower and democratise home design in order to make it more accessible and affordable. The startup claimed to have delivered remarkable projects and scale across 19 cities via 35 stores. With the help of its more than 275 designers, the startup is said to have successfully created over 12000 spaces. The funds will be used to expand the startup's 'Made By You' design process, as well as its digitally connected supply chain, intelligent 4.0 manufacturing process, onsite refurbishment platform, and private label creation.
“The home improvement industry is evolving into one of the most profitable markets in India, especially post the pandemic. Arrivae has managed to establish a niche in this space, focusing on building a digitally integrated supply chain, venturing into the home styling services, and organizing the onsite renovation services. Through this investment, we want to be a part of their growth journey,” said, spokesperson of Think Investments.
The startup said, it’s ‘Made by You’ experience offers end-to-end custom interior design solutions from demand mapping to installation supported by in-house technology. It follows a data-driven manufacturing process, interconnected system, and efficient procurement with minimum manual intervention to make home improvement more accessible with minimum wastage and at the right price, as it said.