Infurnia Technologies, a startup specializing in cloud-native architecture design software, has secured $1.2 million in funding from a group of angel investors. The investment is led by Yogesh Choudary of Jaipur Rugs, boosting the company’s valuation to $17 million. This funding round increases Infurnia’s total funding to $3.7 million.
This Bengaluru-based startup received $240,000 in funding from angel investors, including Pallav Nadhani, the founder of FusionCharts, back in September 2020.
Founded in 2014 by Nikhil Kumar and Lovepreet Mann, Infurnia offers a cloud-based platform designed for architecture and interior design professionals. The platform allows designers to use their software anywhere, promoting seamless collaboration.
“We are raising funds on a need basis from angels primarily. I believe Choudary is an investment partner who has reinvested in us for the last four years. We needed product-oriented investors who understand it takes time to create a product in the tech space we are into,” Nikhil Kumar, CEO, Infurnia Technologies, said.
“Yogesh perfectly fits the bill, and he is very delighted with the growth we are able to pull off now that the product is mature. We are aiming for the sky, which is being the number one player in the design technology market, and we will achieve it through continuous growth and innovation. Money is being utilized in market outreach and continued product innovation,” Kumar added.
Currently, Infurnia primarily serves the Indian market with over 300 active clients and 10 international paying clients. In the first half of 2024, the company plans to expand into the North American market by establishing a local sales team.
Notable clients include Livspace, Hometown, Durian, Gopalan, Purva Streaks by Puravankara, and Homworks by Prominance.
Infurnia’s journey includes its first angel round of investment in May 2015, followed by a $160,000 investment from UAE-based venture capital firm Idein Ventures in January 2016.
