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A91 Partners Invests INR 300 Cr In Modular Furniture Maker Spacewood
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A91 Partners Invests INR 300 Cr In Modular Furniture Maker Spacewood
Nagpur-based modular furniture company Spacewood Furnishers has raised INR 300 Cr (about $33.8 Mn) from A91 Partners, valuing the company at around INR 1,200 Cr (about $135.3 Mn). The investment gives A91 Partners a significant minority stake and will help Spacewood expand its retail presence, upgrade technology, and strengthen operations, the company said in a statement. Founded in 1996 by Kirit Joshi and Vivek Deshpande, Spacewood manufactures…
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