Infurnia Secures $1.2 Million in Angel Funding to Boost Design Software and Market Reach

Infurnia, a Bengaluru-based design software startup, has secured fresh funding to fuel its growth ambitions. Here's a breakdown of the key details and industry context:

Funding Details:

• Infurnia raised $1.2 million (INR 10 Cr) in an angel funding round.
• The round was led by existing investor Yogesh Chaudhary (Jaipur Rugs) and included participation from industry leaders and media companies.
• With this infusion, Infurnia's total angel funding reaches $4.9 million.

Funding Goals:

• The fresh capital will be used for:
• Market expansion and client acquisition within the interior design industry.
• Continued development of their flagship design software product.
• Building a manufacturing execution system (MES) software solution.

Company Overview:

• Founded in 2014 by Nikhil Kumar and Lovepreet Mann, Infurnia offers cloud-based design software for architecture and interior design professionals.
• Their subscription-based products cover design, documentation, and visualization across various project types.
• Infurnia boasts over 600 clients, including prominent names like LivSpace, Hometown, Purvankara, and Urban Ladder.
• They compete with established players like Autodesk, Siemens, and Dassault Systèmes.

Industry Landscape:

• This funding highlights continued investor interest in enterprise software, particularly those catering to specific industry needs like architecture and design.
• However, the broader enterprise tech funding landscape saw a decline in 2023 compared to the previous year.