New Delhi, Nov 6 (PTI) Spacewood Furnishers Pvt Ltd, which manufactures modular furniture, has raised Rs 300 crore from private equity firm A91 Partners.

Spacewood has raised the fund at a valuation of about Rs 1,200 crore, the company said in a statement on Thursday.

“The investment gives A91 Partners a significant minority stake in Spacewood," it added.

The fund will fuel the company’s next phase of expansion, brand-building, and operational strengthening.

Founded in 1996, Spacewood expects to achieve group revenues of about Rs 700 crore in this fiscal. It has integrated furniture manufacturing facilities, spanning over 1 million sq ft.

The company’s product portfolio covers modular kitchens, wardrobes, home furniture, pre-hung doors, and office furniture under the SOS brand. Curren

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