Arrivae raises Rs 50 cr in Series-B funding round led by Havells Group

Arrivae, a made-to-order furniture producer and home improvement firm, has raised an additional Rs 50 crore in a Series-B funding round conducted by Havells Group. The funding round additionally observed the participation of Emerge Capital and the existing investors, as per the statement from Arrivae, a platform supported by ace investor Rakesh Jhunjhunwala. Recently, the firm raised Rs 50 crore from Jhunjhunwala along with Anand Jain (chairman, Jai Corp), Enam family, Harsh Jain (founder, Dream 11), Siddharth Yog (founder, Xander Group) and Ramesh S Damani (chairman, DMart). Arrivae proposed to use the funds for its 'Made By You' design process, intelligent 4.0 production process, digitally integrated supply chain, onsite renovation platform and making more private labels. Arrivae, established in 2017, told the media that the profits from the latest input of funds would be utilised to boost its existing road map. With its proven track record of providing remarkable projects and making scale across 19 cities via 35 stores, the platform has successfully developed more than 12,000 spaces with the help of its more than 275 designers. Image Source