In a significant boost to Bengaluru-based startup Relso, the company has successfully closed a pre-seed funding round, raising $840,000. The round was co-led by Venture Catalysts and Inflection Point Ventures (IPV), with participation from notable investors, including Ramakant Sharma, Shantanu Deshpande, and Saurabh Jain.
Founded in early 2023 by Anshul Choubey, Abhinav Agarwal, and Jay Trivedi, Relso has swiftly emerged as a pioneer in the furniture industry. It positions itself as a ‘cloud factory’ with a vision to champion the ‘Make in India and sell globally’ ethos. The company specializes in supplying diverse furniture to brands and retailers, offering many design options, low minimum order quantities (MOQs), and customizable solutions.
This infusion of fresh capital is a strategic move for Relso. It is earmarked for driving expansion initiatives, bolstering talent acquisition efforts, and fortifying the existing team. With steadfastly committed to innovation and excellence Relso aims to further consolidate its market position and capitalize on emerging opportunities in the furniture segment.
The investment round not only underscores the confidence of leading venture capital firms in Relso’s business model but also highlights the growing investor interest in India’s burgeoning startup ecosystem. Notably, Venture Catalysts had recently backed lab-grown diamond brand Fiona Diamonds with a significant investment of Rs 6 crore in its seed round, demonstrating its continued support for promising ventures across diverse industries.
As Relso embarks on its next phase of growth fueled by this substantial funding injection, all eyes are on the company to see how it will leverage these resources to scale operations, drive innovation, and redefine the future of the furniture industry both domestically and globally.
