SUMMARY
The $1.6 Mn funding round also saw participation from Titan Capital and Zetwerk founders Amrit Acharya, Rahul Sharma, Srinath Ramakkrushnan and Vishal Chaudhary
Boxs plans to use the fresh funds for product innovation and to strengthen its manufacturing capacity
Boxs offers a platform for designers and architects to create customised designs. It also manufactures and delivers these products
B2B manufacturing startup Boxs has secured a funding of $1.6 Mn in a round led by Peak XV’s Surge.
The funding round also saw participation from Titan Capital and Zetwerk founders Amrit Acharya, Rahul Sharma, Srinath Ramakkrushnan and Vishal Chaudhary,
Boxs plans to use the fresh funds for product innovation and to strengthen its manufacturing capacity.
Founded in 2022 by Satheesh Ramdass and Vikram Venkatesan, Boxs offers a library of modules for interior designers and architects to create customised designs. Throughout the process, prices are calculated using an instant pricing engine for full visibility over costs.
It also has an ordering platform from where the architects and designers place the order once their design is complete. The final products are delivered to the designers fully-assembled, after manufacturing those through an automated process.
Commenting on the fund raise, Boxs cofounder Venkatesan said, “With the new funds, we will be doubling down on building out our tech and manufacturing capabilities to provide our customers a superior, hassle-free experience, better profit margins and shorter timelines.”
Boxs competes with the likes of Livspace, Pepperfry, IKEA, Bonito Designs, Infurnia, among others.
According to a study by the iMARC Group, the Indian interior design industry had a market size of $28.6 Bn in 2022, which is expected to reach $ 51.4 Bn by 2028, expanding at a CAGR of 10.3%.
In the interior design industry, Homelane recently bagged INR 75 Cr from its existing investors to accelerate its growth trajectory and support expansion plans.
Earlier, in March, online interior design platform Design Cafe reportedly secured a funding of INR 40 Cr in a round led by WestBridge Capital, Mirabilis Investment Trust and Alteria Capital.
