Indian Furniture Startup Relso Secures Funding for Global Expansion

Relso Eyeing Funding
Preeti Bali / 2:06 pm / March 20, 2024

Relso, a pioneering furniture manufacturer based in Bangalore, has secured $840,000 in funding. The round was co-led by prominent angel investment firms, Ventures Catalysts and Inflection Point Ventures. Industry veterans like Ramakant Sharma (Livspace Founder and COO), Shantanu Deshpande (Bombay Shaving Co. Founder), and Saurabh Jain (Livspace India CEO) also participated in the investment.

This funding will fuel Relso’s ambitious global expansion plans. The company intends to use the capital to recruit top talent, expand its workforce and product lines, and drive innovation. This aligns with their long-term vision of becoming a major player in the global furniture manufacturing and export market.

Relso’s Story: From IIT Graduates to Industry Disruptors

Founded in early 2023 by three enterprising IIT graduates, Anshul Choubey, Abhinav Agarwal, and Jay Trivedi, Relso champions the “Make in India and Sell Globally” philosophy. Their diverse expertise and established entrepreneurial backgrounds position Relso to overcome challenges and disrupt the furniture industry.

Dr. Apoorva Ranjan Sharma, MD and CEO of Venture Catalysts, stated, “Venture Catalysts is dedicated to identifying and supporting promising Indian startups that have the potential to revolutionize industries and reach a global audience.” Relso has been a furniture production game-changer in a short amount of time. They leverage technology and innovation to redefine traditional methods and boast an impressive track record.In our opinion, Relso has the capacity to push India past China, the current market leader, and towards the forefront of the global furniture industry. We are excited to partner with Relso on this transformative journey and contribute to their continued success.”

Inflection Point Ventures is in favor of Relso’s sustainable design vision

Mitesh Shah, Co-Founder of Inflection Point Ventures, commented, “Traditional furniture manufacturing often overlooks sustainability and involves significant resource consumption, long lead times, and limited design options. By embracing cloud-based manufacturing, Relso prioritizes quality and sustainability throughout the process, offering contemporary designs with customization options and competitive pricing. IPV’s investment in Relso reflects our strong belief in the transformative power of innovation.”

Anshul Choubey, Co-Founder and CEO of Relso, expressed, “Venture Catalysts, IPV, and our other investors have taken the time to thoroughly understand our business. They’ve provided valuable insights and helped us refine our goals. This funding will allow us to supercharge our export strategies, strengthen our technology platform, and expand our supply chains. With this investment, Relso and India will rise to the top of the furniture export rankings, advancing our long-term goals and mission.”

Relso’s innovative approach focuses on catering to the specific needs of the mid-market segment. They offer tailored design solutions, accommodate low minimum order quantities, and ensure reliability and scalability, making them a preferred partner for discerning customers in the growing B2B commerce space.

With the global furniture market projected for significant growth in the coming years, Relso is well-positioned to capitalize on these opportunities and establish itself as a major player in the industry.

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