Landscaping start-up Garden of Joy raised Rs 84 lakh in a seed round on Thursday. The round was led by Inflection Point Ventures (IPV), an investing platform that connects start-ups with angel investors.
The money will be used by the start-up to expand its base in Bengaluru and other cities. Currently, Garden of Joy is active in and around Bangalore, Delhi, and Hyderabad. Sanyam Raheja, founder and chief executive officer (CEO), Garden of Joy, said, "Partnering with IPV has been a pivotal moment for our startup's journey. This infusion of capital not only fuels our expansion but also validates our vision for creating vibrant and sustainable outdoor spaces.”
He further added that they will be utilising the funds for vertical integration of their services and building in-house tech products. Raheja said in a statement that the company intends to expand to other cities, including Karnataka, Telangana, Maharashtra, Tamil Nadu, and Kerala.
The landscaping market in India is valued at $14.96 billion in 2024, while globally, it stands at $296 billion, with a projected annual growth rate of 4.72 per cent, as per the company.
Talking about Garden of Joy’s landscaping work, Vinay Bansal, founder and CEO of IPV, said, “Their strengths and unique selling points include offering a comprehensive one-stop solution for landscaping and civil work, leveraging in-house teams for seamless execution, providing free site consultations, ensuring affordability without compromising quality, maintaining fast project execution timelines, and offering warranties of up to 10 years.”
Garden of Joy has become a trusted partner for homeowners in and around Bangalore, Delhi, and Hyderabad. With a team of designers, architects, horticulture specialists, and landscapers, Garden of Joy provides residential landscapes. Their services include a balcony garden, a terrace garden, a front yard, and commercial landscapes. In the first eighteen months of its inception, the company has completed 100 projects, as per a company statement.
Inflection Point Ventures (IPV) is an angel investing platform with over 12,000 CXOs, HNIs, and professionals who together invest in start-ups. The firm supports new-age entrepreneurs by providing them with monetary and experiential capital and connecting them with a diverse group of investors.
