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Spacewood Nears $36 Million Funding Deal with A91 Partners at ₹1,200 Crore Valuation
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Spacewood to raise $36 million from A91 Partners at ₹1,200 crore valuation to expand capacity and retail presence across India.
Nagpur-based modular furniture manufacturer Spacewood is finalizing a $36 million (₹300 crore) investment from A91 Partners, valuing the company near ₹1,200 crore. The capital will fund capacity expansion and omnichannel retail rollouts. Founded in 1996, Spacewood recorded ₹680 crore revenue in FY24 with 20% profit growth and aims to double output by FY26. Industry analysts said the deal underscores renewed investor confidence in India’s premium furniture manufacturing ecosystem.