Bengaluru-based Relso has recently secured $840,000 in a pre-seed funding round, with co-leadership from Ventures Catalysts and Inflection Point Ventures. The investment also saw participation from notable investors, including:
- Ramakant Sharma, founder and Global COO of Livspace
- Shantanu Deshpande, co-founder of Bombay Shaving Company
- Saurabh Jain, CEO of Livspace India
About Relso
Founded in early 2023 by Anshul Choubey, Abhinav Agarwal, and Jay Trivedi, Relso positions itself as a ‘cloud factory’ for furniture. Their vision aligns with the motto ‘Make in India and sell globally’. The company’s core mission is to supply various furniture to brands and retailers. Their offerings include:
- Design Options: Relso provides a variety of design choices to cater to diverse customer preferences.
- Low Minimum Order Quantities (MOQs): This flexibility allows businesses to order furniture in smaller quantities.
- Customization: Relso offers customization options, ensuring that furniture meets specific requirements.
Utilizing Fresh Capital
The newly raised capital will be strategically utilized for:
- Expansion: Relso aims to broaden its reach and establish a stronger presence in the market.
- Talent Acquisition: Attracting skilled professionals to enhance their team and drive growth.
- Team Strengthening: Investing in human resources to optimize operations and customer service.
Industry Impact
Relso’s innovative approach to furniture manufacturing and distribution positions them as a disruptor in the industry. By leveraging cloud-based processes, they streamline the entire journey from design to delivery. As India’s largest furniture cloud factory, Relso is poised to make a significant impact on the global furniture market.
This funding round reflects investor confidence in Relso’s vision and potential. With strong backing from Ventures Catalysts and Inflection Point Ventures, Relso is well-positioned to revolutionize the furniture industry and contribute to India’s economic growth.