Arrivae, an Indian furniture manufacturer and home improvement company backed by the business magnate, has closed its Series B funding round with a Rs 75 crore investment from Think Investments and Havells Group.

Arrivae recently raised Rs 75 crores from business magnate Rakesh Jhunjhunwala, the Enam family, Siddharth Yog (Founder, Xander Group), Anand Jain (Chairman, Jai Corp), Harsh Jain (Founder, Dream 11), Ramesh S. Damani (Chairman, DMart) and Harish Shah (Founder, Signet), with the goal of positioning itself as a one-stop home improvement ecosystem across India.

"At Arrivae, we are still in the early stages of our journey to become the consumer's most trusted and recognised home design platform. I believe in the enormous magnitude of the possibility; the value transfers from unorganised onsite labor to organised custom-made factory finish deliveries, the integrated supply chain defensibilities, and the prospect of fixing a customer's inefficiencies of time, money, and inconveniences," said the founder of Arrivae, Yash Kela

Meanwhile, the spokesperson of Think Investments said, “The home improvement industry is evolving into one of the most profitable markets in India, especially post the pandemic. Arrivae has managed to establish a niche in this space, focusing on building a digitally integrated supply chain, venturing into the home styling services, and organizing the onsite renovation services. Through this investment, we want to be a part of their growth journey.”

Spokesperson of Havells Group said, “As the large 4 lakh crore fragmented global home improvement space sees a value shift from unorganized to organized, there is obviously a great opportunity, but not without its own unique challenges. In this context, Arrivae stands out in both how they have built an integrated supply chain while solving the problem of design variety for the consumer, and the capital efficiency of their model.”

Jhunjhunwalla Backed Arrivae Raises Rs 75 Cr From Think investments And Havells