Get All Access for $5/mo

Boingg Raises INR 2 Cr In Pre Series A Led By IPV The funds raised will be utilized to expand machinery, licensing and branding, said the company

By Soumya Duggal

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

freepik

D2C kids-focused furniture brand Boingg has raised INR 2 crore in a Pre Series A round led by Inflection Point Ventures, one of India's largest angel investment platforms.

The funds raised will be utilized to expand machinery, licensing and branding, said a statement, adding, the company has increased its physical footprint with the launch of a physical store in Gurgaon since the last fundraise.

Boingg was launched in December 2019 with an aim for full customization of furniture that is focused on children and all elements of their home life. The comapny offers customizations in realtime, helping parents design their kids' room with furniture that is functional and aesthetic. With this, they also have products in all the categories related to setting up children's rooms.

"In 2023, we aim to triple our month-on-month revenue and open more offline locations to serve our customers better. We are very excited to have IPV as part of this journey for the second time round. Together, we are on our way to create a powerhouse brand that caters to the most special people in all our lives, our kids," said Neha Indoria, CEO and cofounder, Boingg.

"The kids' furniture market is still a niche but a fast growing segment in India. Boingg is working with due diligence to expand this market with its new products. The kids furniture market is a white space with no clear leader as it is a highly unorganised segment lacking quality and designer products specially made for kids. Boingg is aiming to disrupt this market as they grow their online and offline presence prompting us to lead the second round in the company," said Vinay Bansal, founder and CEO, Inflection Point Ventures.

Soumya Duggal

Former Feature Writer

News and Trends

"45% of All Ongoing Hydropower Projects in India are Ours": Patel Engineering

Patel Engineering reported a turnover of INR 4,400 crore in the last fiscal year, with a projected 10 per cent growth for the current year.

Side Hustle

'Hustling Every Day': These Friends Started a Side Hustle With $2,500 Each — It 'Snowballed' to Over $500,000 and Became a Multimillion-Dollar Brand

Paris Emily Nicholson and Saskia Teje Jenkins had a 2020 brainstorm session that led to a lucrative business.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Leadership

Should I Stay or Should I Go? 8 Key Points to Navigate the Founder's Dilemma

Here are eight key signs that help founders determine whether to persevere or let go.

Science & Technology

5 Rule-Bending AI Hacks to Make Your Mornings More Productive and Profitable

By 2025, AI will transform productivity by streamlining workflows and cutting costs. Major companies like Microsoft, Google, and OpenAI are leading the way, advancing AI into "Phase 3," where tools act as digital assistants. Discover 5 AI hacks to boost efficiency and redefine your daily routine.

Science & Technology

5 Automation Strategies Every Small Business Should Follow

It's time we make IT automation work for us: streamline processes, boost efficiency and drive growth with the right tools and strategy.