Goyel & Goyal Advises Furniture Retail Startup Furnishka in Successful Fundraise
Furnishka, a furniture retail startup, has successfully raised ₹27 crore in a Pre-Series A funding round, with India Quotient leading the investment. The round also saw participation from investors such as Beenext, Sparrow Capital, and prominent angel investors including Sujeet Kumar (Founder of Udaan) and Ramakant Sharma (Founder of Livspace).
Goyel & Goyal provided legal counsel to Furnishka throughout the investment process.
The team from Goyel & Goyal included Partner Akshit Goyal, Senior Associate Shubham Agrawal, and Associate Rishi Shah.
With this latest round of funding, Furnishka’s total investment raised to date stands at ₹45 crore. This includes an earlier round of ₹18 crore, also advised by Goyel & Goyal, which was led by Beenext and included participation from Sparrow Capital and the same angel investors.
Founded in 2023 by Ganesh Pawar, Furnishka seeks to simplify India’s home furnishing market by tackling challenges such as long delivery timelines, high costs, and inconsistent service quality. The company offers a seamless shopping experience through its online platform and offline stores in Bengaluru, providing over 1,000 SKUs and customizable designs at competitive prices.
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