Spacewood raises ₹300 crore from A91 Partners

Spacewood Furnishers Pvt. Ltd., a modular furnishings shaper and brand, said it had raised ₹300 crore successful backing from A91 Partners, a PE firm. “The concern gives A91 Partners a important number involvement successful Spacewood and volition substance the company’s adjacent signifier of expansion, brand-building, and operational strengthening,” the institution said. Kirit Joshi, Co-founder and Director, Spacewood, said, “Beyond capital, A91 Partners brings heavy acquisition successful scaling user brands, which volition beryllium invaluable arsenic we embark connected our adjacent maturation phase.”

Abhay Pandey, Partner astatine A91 Partners, said, “We are looking guardant to the accidental to spouse with Kirit, Vivek, and Nitin successful further gathering a ascendant institution successful the ample and increasing marketplace of location and bureau improvement.”