Furniture startup Arrivay on Thursday said it has raised Rs 50 crore in the first external funding round led by ace investor Rakesh Jhunjhunwala. The funding round saw participation from the Inam family, Siddhartha Yoga (Founder, Xander Group), Anand Jain (Chairman, Jai Corp), Harsh Jain (Founder, Dream11) and Ramesh S Damani (Chairman, DMart).
“At Arrivay, we are still in the early stages of our roadmap to become a leading, complete home improvement ecosystem in India. Partnering at Arvea is important to us and strengthens our brand trust in the ecosystem, especially for consumers. does.
“All the veterans participating in this round will instill more trust in the Arvi brand,” Yash Kela, Founder, Arvi said in a statement.