Boxs, a startup that is transforming the field of design for businesses has successfully raised $1.6 million, in funding. The investment was led by Peak XVs Surge with participation from Titan Capital and the founders of Zetwerk. Boxs provides architects and designers with a library of modules that can be customized for designs while also offering cost calculation. With its ordering system and automated manufacturing process, Boxs ensures delivery. This innovative company is poised for growth, in the Indian interior design market, which is valued at $51.4 billion.
Boxs, a B2B manufacturing startup in the field of interior design, has successfully raised $1.6 million in funding through a round spearheaded by Peak XV’s Surge. Other key participants in this funding endeavor include Titan Capital, as well as Amrit Acharya, Rahul Sharma, Srinath Ramakkrushnan, and Vishal Chaudhary, the founders of Zetwerk. The funds secured will play a pivotal role in fueling product innovation and enhancing manufacturing capabilities.
Established in 2022 by Satheesh Ramdass and Vikram Venkatesan, Boxs offers an innovative approach to interior designers and architects. They provide a diverse library of modules, facilitating the creation of personalized designs. Transparency prevails throughout the process, thanks to an instantaneous pricing engine that meticulously calculates costs.
The platform also houses an ordering system, streamlining the process for architects and designers. Once their designs are finalized, orders can be seamlessly placed. The ultimate products are then delivered fully assembled, following an automated manufacturing procedure.
Reflecting on the successful fundraising, Venkatesan, a co-founder of Boxs, expressed, “The influx of new capital will be channeled into reinforcing our technological and manufacturing prowess. Our primary objective is to offer customers an elevated, hassle-free experience, along with improved profit margins and shorter project timelines.”
In a competitive landscape that includes Livspace, Pepperfry, IKEA, Bonito Designs, and Infurnia, among others, Boxs remains a strong contender.
Experts have highlighted that the Indian interior design sector boasted a market size of $28.6 billion in 2022, a figure projected to soar to $51.4 billion by 2028, exhibiting a robust CAGR of 10.3%.
Within this realm, Homelane recently secured INR 75 crore from its existing investors, a move aimed at accelerating its growth trajectory and supporting expansive endeavors.
Furthermore, Design Cafe, an online interior design platform, reportedly garnered INR 40 crore in funding during March, with the funding round being led by WestBridge Capital, Mirabilis Investment Trust, and Alteria Capital.
