A91 Partners Invests Rs 300 Crore in Spacewood at Rs 1,200 Crore Valuation

Overview

• The funding gives A91 Partners a significant minority stake, with both sides casting the tie-up as a scaling partnership.
• Spacewood projects about Rs 700 crore in FY26 revenue and targets 25–30% annual growth over the next five years.
• Capital deployment includes expanding to roughly 100 exclusive stores and strengthening marketplace sales on Amazon and Pepperfry.
• The company operates an integrated manufacturing facility exceeding 1 million sq ft, runs 35+ stores in 20+ cities, and works with 500+ dealers across 150 towns.
• The investment lands in a furniture market seeing consolidation and tougher competition from integrated players such as Ikea and Wakefit, following pressure highlighted by Pepperfry’s distress and Reliance’s Urban Ladder deal.