Spacewood Secures ₹300 Cr from A91 Partners to Accelerate Modular Furniture Expansion

Spacewood Furnishers Pvt. Ltd. (“Spacewood”), India’s leading modular furniture manufacturer and brand, has raised ₹300 crore in funding from A91 Partners, a marquee private equity firm focused on building consumer and growth-stage businesses in India.

The investment gives A91 Partners a significant minority stake in Spacewood and will fuel the company’s next phase of expansion, brand-building, and operational strengthening.

Speaking on the development, Mr. Kirit Joshi, Co-founder and Director, Spacewood, said: “We are excited to have A91 Partners on board. Beyond capital, they bring deep experience in scaling consumer brands, which will be invaluable as we embark on our next growth phase.”

Adding his perspective on the investment, Mr. Abhay Pandey, Partner at A91 Partners, said, “We are looking forward to the opportunity to partner with Kirit, Vivek, and Nitin in further building a dominant company in the large and growing market of home and office improvement.”

Founded in 1996 by Mr. Kirit Joshi and Mr. Vivek Deshpande, Spacewood has established itself as one of the most trusted names in India’s organised furniture sector. In 2011, Mr. Nitin Sudame joined as the founder of Spacewood Office Solutions (SOS), leading the company’s expansion into the office furniture segment.

With a focus on design innovation, durability, and craftsmanship, Spacewood has built a strong reputation as a full-home modular solutions provider.

For FY26 (estimated), the company expects to achieve group revenues of approximately ₹700 crore. With A91 Partners’ backing, Spacewood aims to accelerate its revenue trajectory, targeting 25–30% annual growth over the next five years with a focus on profitability. The funding will support technology upgrades, process automation, and talent acquisition to strengthen its operations and retail presence.

Spacewood operates one of India’s largest integrated furniture manufacturing facilities, spanning over 1 million sq. ft. and equipped with state-of-the-art panel and sheet metal processing technologies. Its diverse product portfolio covers modular kitchens, wardrobes, home furniture, pre-hung doors, and office furniture under the SOS brand.

Currently, Spacewood has 35+ exclusive stores across 20+ cities and a dealer network of 500+ partners in 150 towns and cities. It plans to expand to 100 stores nationwide in the next few years, further strengthening its omnichannel presence through platforms such as Amazon and Pepperfry.

Its enterprise business serves India’s largest corporates and real estate developers. The Spacewood Office Solutions division has delivered workplace solutions for more than 1000+ corporates with leading names such as Accenture, Capgemini, HDFC, and Adani Group. Besides, it works with leading educational institutions for their furniture. “We plan to expand to Tier 2 cities in the coming years,” said Nitin Sudame.

Meanwhile, its Sumai Doors division partners with 200 + developers in India with leading names such as Godrej Properties, DLF, Lodha, M3M, Kolte Patil, and more, reinforcing its credibility in the B2B space.

With this investment, Spacewood will continue to strengthen its leadership in the mass-premium and premium furniture categories, catering to design-conscious consumers seeking modern, functional, and aesthetic living solutions

Space-Saving Furniture Brand Wallter Systems Raises Undisclosed Amount in a Seed Round led by Inflection Point Ventures

• Wallter Systems specializes in creating innovative and functional space-saving furniture that help homeowners make the most of their limited home space.
• The funds will be utilized for brand building and scaling up the operations of Wallter Systems.
• Inflection Point Ventures (IPV) has so far invested over INR 550 Cr across 170+ deals

The space saving furniture brand ‘Wallter Systems’ has raised undisclosed amount in a seed round led by Inflection Point Ventures. The funds will be utilized for brand building and scaling up the operations of Wallter Systems.

Wallter System is a pioneering space-saving furniture brand that addresses the growing need for innovative solutions in the face of shrinking living spaces caused by urbanization and population growth. Recognizing the demand for multifunctional furniture that combines practicality with style, Wallter Systems offers a diverse range of versatile, durable and aesthetically pleasing furniture options.

Bhanushree Natekar, the founder, and CEO of Wallter Systems, brings a strong engineering background and a deep understanding of the challenges associated with limited living space. With prior experience at Shapoorji, she cultivated her skills and a passion for creating functional and stylish furniture.

Ivy Chin, Partner, Inflection Point Ventures, says, “Owning a beautiful space with optimum functionality and space utilization is every person's dream living in urban areas where homes are small in size. Having a well-designed home with multi-functional furniture eliminates the clutter and makes the house looks spacious and visually appealing. This is exactly what Wallter Systems offers, its innovative furniture solutions will enable homemakers to achieve their beautiful homes”.

Wallter Systems is based out of bangalore but caters to customers across India.

Bhanushree Natekar, Founder & CEO, Wallter Systems

Bhanushree Natekar, Founder and CEO of Wallter Systems, “We are driven by a deep passion to empower people, enabling them to create more space in their homes and experience genuine freedom. With unwavering dedication to excellence, we endeavor to establish a world-class product brand that redefines space-saving furniture and fundamentally transforms the way people live their lives. IPV has not just helped us raised funds but has been a guiding force that has impacted not just the company, but customers and employees positively.”

Wallter Systems has achieved significant milestones by adding over 50,000 net usable square feet to homes at a cost that is only 1/10th of the typical expenses. This accomplishment showcases the company's ability to provide cost-effective solutions for expanding living spaces and maximizing the utilization of limited home areas. Along with its USP of creating space saving furniture it also offers offering up to 10 years of warranty on products. 

About Wallter Systems

Wallter Systems specializes in creating innovative and functional space-saving furniture that can help homeowners make the most of their limited square footage.

One of the main benefits of Wallter Systems’ furniture is its versatility. Many of furniture pieces can be transformed into multiple forms, such as a sofa that can be converted into a bed or a dining table that can be folded down into a compact console. This means that homeowners can have multiple pieces of furniture in one, saving them both space and money.

The sleek lines and minimalist aesthetic of their pieces will complement any decor, from contemporary to traditional.

Wallter Systems’ furniture is also durable and well-made. Company uses high-quality materials and construction techniques, ensuring that their pieces will last for many years.

About Inflection Point Ventures & Physis Capital

Inflection Point Ventures (IPV) is an angel investing platform with over 8600 CXOs, HNIs, and Professionals to together invest in startups. The firm supports new-age entrepreneurs by providing them with monetary & experiential capital and connecting them with a diverse group of investors. IPV has announced the launch of a $50 million CAT 2 AIF Physis Capital to invest in pre-Series A to Series B growth-stage start-ups.

Furniture e-Tailer Pepperfry opens Outlet in Coimbatore

Pepperfry, a leading furniture e-tailer, will touch 100 outlets across India by June 2020, a top company official said on Thursday.

Pepperfry at present has 67 studios (shops) including the one opened in the city on Thursday, in 24 cities across India, the company's Chief Category Officer Hussaine Kesury told reporters.

It has 23 largest studios in South India including in Bengaluru, Chennai, Hyderabad and Kochi, he said.

The company has 15 franchise model studios in the country, including in Coimbatore throughVR Enterprises, he added.

South India is an essential market for the company, which contributes to over 40 per cent of the overall business, as consumers in the region are highly evolved online buyers,
Kesury said.

Founded in 2012, by Ambareesh Murty and Ashish Shah, Pepperfry was speculated to raise $100 million from Norwest Venture Partners and Bertelsmann India Investments (BII), in January this year.

In 2017, Pepperfry's competitor, Urban Ladder, was been granted the single brand retail trade (SBRT) licence by DPTII. With this governmental approval, that help the company build a strong offline presence across India.

Earlier in July this year, E-Commerce giant Flipkart forayed into the offline space with its first Furniture Experience Centre in Bengaluru.

~ With inputs from PTI