Arrivae generated extra Rs 50 crore in Series-B funding

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