Relso, a furniture cloud factory, has raised $840,000, co-led by leading angel-investing platforms Ventures Catalysts and Inflection Point Ventures. The round also saw the participation of distinguished investors such as Ramakant Sharma (Livspace Founder and Global COO), Shantanu Deshpande (Bombay Shaving Co. Founder), and Saurabh Jain (Livspace India CEO).
The Bengaluru-based start-up plans to use the funding amount to chart out its global expansion strategy, talent acquisition, team, and vertical expansion. Funds will be further used to support its growth and innovation objectives as part of its vision to become a global player in the furniture manufacturing and export segment, as per a company statement.
Dr. Apoorva Ranjan Sharma, MD & CEO of Venture Catalysts, said, "In just a year of operations, Relso has emerged as a game-changer in the furniture sector, harnessing the power of technology and ingenuity to redefine traditional paradigms and boasting an impressive execution track record.”
Mitesh Shah, Co-Founder, Inflection Point Ventures, said, “Traditional furniture manufacturing processes not only neglect sustainability standards but also entail significant resource consumption, lengthy lead times, and limited design flexibility. By embracing cloud-based manufacturing solutions, Relso is revolutionizing the customer experience by prioritizing quality and sustainability throughout the design-to-delivery process, offering the latest designs with flexibility to change and competitive pricing.”
On its first funding round, Anshul Choubey, Co-Founder and CEO of Relso, said, “This infusion of capital will propel Relso and India as the top choice for our clients’ export needs, furthering our mission and vision for the future."
By offering bespoke design solutions, accommodating low MOQs, and ensuring reliability and scalability, Relso has emerged as the preferred choice for discerning customers, positioning itself as a formidable player in the burgeoning B2B commerce space, as per a company statement.
