Infurnia Technologies, renowned for its cloud-native architectural design software, has successfully secured an additional $1.2 million in funding. This recent round witnessed substantial contributions from a group of angel investors, with Yogesh Choudary of Jaipur Rugs leading the charge. This financial boost has propelled the company’s valuation to a commendable $17 million.
With this recent funding, the overall investment in Infurnia has risen to an impressive $3.7 million.
Back in September 2020, the Bengaluru-based innovator had clinched a $240K investment, with contributors including prominent names like Pallav Nadhani, the brain behind FusionCharts.
Infurnia, the brainchild of Nikhil Kumar and Lovepreet Mann founded in 2014, prides itself on offering a cloud-centric platform. Designed exclusively for professionals in the realms of architecture, interior design, and modular kitchen planning, the platform’s versatility enables designers to register and utilize the software irrespective of their geographical location.
Currently, Infurnia serves a robust clientele base with over 300 active users. While the company has predominantly catered to the Indian demographic, it also enjoys a global presence with 10 international clients. In a forward-looking move, the firm intends to foray into the North American market by 2024, bolstered by a local sales team.
Among the company’s prestigious clientele are industry stalwarts like Livspace, Hometown, Durian, Gopalan, Purva Streaks by Puravankara, and Homworks by Prominance.
Infurnia’s journey with angel investors commenced in May 2015. Fast forward to January 2016, the enterprise caught the attention of Idein Ventures, a venture capital powerhouse based in the UAE, resulting in a $160,000 investment.
