Total amount raised
₹1.5 Billions
Latest funding date
04/01/2024
Location
Arrivae has successfully raised funds through multiple rounds, with the latest being a Series B round. The company has attracted a total of 10 investors, including notable names like Mithun Sacheti and Havells India.
In the most recent funding round, Arrivae secured INR 21 crore from Mithun Sacheti. Keep reading to explore the intricacies of Arrivae's fundraising journey and the investors backing this innovative platform.
What Is Arrivae?
Arrivae, founded in 2018 by Yash Kela, is headquartered in Mumbai, Maharashtra, India. The company operates in the furniture, home services, and interior design industries.
With an employee count ranging from 251 to 500, Arrivae offers comprehensive home interior solutions, managing everything from design and styling to project management and post-sales services.
How Much Funding Has Arrivae Raised?
- Series A
- Amount Raised: ₹500M
- Date: October 2021
- Lead Investors: Rakesh Jhunjhunwala
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand operations and scale the business.
- Series B
- Amount Raised: ₹750M
- Date: December 2021
- Lead Investors: Havells India
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the company's growth and expansion plans.
- Series B
- Amount Raised: ₹210M
- Date: April 2024
- Lead Investors: Mithun Sacheti
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To deepen market presence and strengthen the supply chain.
Total Amount Raised: ₹1460M
Current Valuation: Not publicly disclosed
Key Investors
- Mithun Sacheti
- Details: Mithun Sacheti is the founder of CaratLane, a prominent jewelry retail company. He has joined the board of directors at Arrivae following his investment.
- Investment Focus Areas: Jewelry, early-stage ventures, growth investments.
- Notable Investments: CaratLane, GTM Buddy, Garden of Joy.
- Havells India
- Details: Havells India is a major Indian electrical equipment company. They participated in Arrivae's Series B funding round.
- Investment Focus Areas: Electrical equipment, consumer electronics, home appliances.
- Notable Investments: Lloyd, Standard, Crabtree.
- Rakesh Jhunjhunwala
- Details: Rakesh Jhunjhunwala was a renowned Indian investor and trader. He was known for his significant investments in various sectors.
- Investment Focus Areas: Stock market, diverse sectors including finance, technology, and consumer goods.
- Notable Investments: Titan Company, Lupin, Crisil.
- Think Investments
- Details: Think Investments is a global investment firm. They participated in Arrivae's funding round in February 2022.
- Investment Focus Areas: Technology, consumer goods, emerging markets.
- Notable Investments: Various global technology and consumer companies.
- Rekha Jhunjhunwala
- Details: Rekha Jhunjhunwala is a notable investor. She has been involved in various investment activities across different sectors.
- Investment Focus Areas: General investments across various sectors.
- Notable Investments: Various investments in the Indian stock market.
What's Next for Arrivae?
Arrivae stands at the cusp of significant growth opportunities, driven by the increasing demand for home improvement and interior design services in India. With a market projected to reach $67.4 billion by 2032, the company is well-positioned to expand its distribution channels and deepen its presence in existing markets. Leveraging the expertise of new board member Mithun Sacheti, Arrivae aims to enhance its supply chain and improve service delivery.
Future fundraising opportunities appear promising, given the successful past funding rounds and the involvement of high-profile investors. The company may attract further equity rounds or strategic investments to support its expansion plans. However, challenges such as competition from other firms, managing supply chain complexities, and maintaining quality across multiple locations could pose hurdles. Addressing these issues will be crucial for Arrivae to sustain its growth trajectory and capitalize on the burgeoning market potential.
Use Clay to Get Funding Data
Sales professionals, take your strategy to the next level by leveraging Clay's platform to access comprehensive fundraising data on companies like Arrivae and gather other critical business insights. Sign up for free today and unlock the potential to drive your sales success with detailed, actionable information.
