Furnishka Raises Rs 27 Crore in Funding

dailynewsmissouriimage

Furnishka, a furniture retailer founded in 2023 by Ganesh Pawar, has raised Rs 27 crore in a pre-Series A funding round. The round was led by IndiaQuotient, with participation from Sparrow Capital and angel investors Sujeet Kumar and Ramakant Sharma. This brings the company’s total funding to Rs 45 crore.

The funds will be used to enhance product design and development, strengthen manufacturing and supply chain capabilities, and expand to new locations. Furnishka aims to simplify India’s home furnishing market by addressing issues such as long delivery times, high costs, and inconsistent service quality. The company offers a seamless shopping experience through online and offline stores in Bengaluru, with over 1,000 SKUs and customizable designs at competitive prices.

Ganesh Pawar, founder of Furnishka, said, “Our effective supply chain management of standardizing components and localization of production have helped reduce operational costs without compromising on quality while meeting the promised delivery time.”

The Indian furniture market is projected to grow from $24.47 billion in 2023 to $64.39 billion by 2032, with a CAGR of 11.35% from 2024 to 2032.

furnishka secures funding for growth

Furnishka has focused on supply chain innovation, standardization, localization, and cost reduction to deliver premium furniture affordably.

Within its first year, the company has served over 10,000 customers and operates four large-format stores in Bangalore. Furnishka plans to expand its product categories, particularly in premium living room, dining room, and bedroom collections. The company also intends to open six additional large-format stores and create educational content to help customers make informed furnishing decisions.

Anand Lunia, Partner at IndiaQuotient, said, “We were impressed by the overwhelmingly positive customer feedback and the Furnishka team’s exceptional dedication to customer satisfaction. Ganesh’s vast experience in logistics and supply chain, combined with the marketing and customer-centric focus of the founding team, creates the ideal synergy to build a large-scale, omnichannel furniture retail chain.”

Furnishka’s impressive traction and ambitious future plans underline its potential to reshape the home furnishing industry in India. The company offers thousands of customization options to cater to diverse tastes and requirements.


We rely on trusted sources to provide accurate and reliable information to our readers. Our editorial process uses a combination of primary sources, expert interviews, and reputable secondary sources to ensure the quality and integrity of our content. We strive to maintain high standards of journalism and provide transparent attribution to our sources. You can learn more about our editorial process and standards in our editorial guidelines.

  • Entrackr.”Furnishka raises Rs 27 Cr in pre-Series A round led by IndiaQuotient”.
  • IndianStartupNews.”Home furnishing startup Furnishka raises Rs 27 crore funding, in talks to raise another $20 million”.
  • FashionNetwork.”Furnishka raises Rs 27 crore in funding round led by India Quotient”.

More recent news