Furnishka, a fast-growing furniture retailer founded in 2023 by Ganesh Pawar, has raised Rs 27 crore in a pre-Series A funding round led by IndiaQuotient, with additional participation from Sparrow Capital and prominent angel investors, including Udaan co-founder Sujeet Kumar and Ramakant Sharma. This new round brings the company’s total funding to Rs 45 crore.
The fresh capital will be deployed to strengthen product design, enhance manufacturing and supply chain operations, and accelerate expansion into new locations. Furnishka aims to streamline India’s fragmented home furnishing market by tackling common challenges such as extended delivery timelines, high prices, and inconsistent service quality. The company provides a smooth shopping experience across its online platform and offline stores, offering over 1,000 stock-keeping units (SKUs) with customizable designs at competitive prices.
The Indian furniture market is expected to grow from $24.47 billion in 2023 to $64.39 billion by 2032, with an impressive compound annual growth rate (CAGR) of 11.35% between 2024 and 2032. Furnishka is positioning itself to capitalize on this growth by focusing on supply chain optimization, localization, and affordability without compromising on quality.
In just one year, the company has served over 10,000 customers and established four large-format stores in Bengaluru. Looking ahead, Furnishka plans to broaden its product offerings, particularly in premium living room, dining room, and bedroom collections, while adding six more large-format stores. Additionally, the company plans to provide educational content to help customers make informed furnishing decisions and offer a wide range of customization options to meet diverse preferences.
With its innovation-driven approach and focus on affordability, Furnishka is poised to make a significant impact in India’s growing furniture retail market.
