About Spacewood
Spacewood is a Consumer company based in Nagpur (India) founded in 1996 by Kirit Joshi and Vivek Deshpande. It operates as a modular furniture is manufactured for residential and commercial spaces. Spacewood has raised $33.8 million across 2 funding rounds from investors including Sumitomo Forestry, Brand Capital and A91 Partners. The company has 709 employees. Spacewood was last valued at $51.21 million in November 2015. Its website spacewood.in draws about 22 thousand monthly visits. Its Indian entity Space Wood Furnishers Private Limited. reported revenue of ₹424 Cr. Spacewood offers products and services including Modular Kitchens, Wardrobes, Bedroom Sets, and Office Furniture. Its focus areas include Consumer Goods, Home Furnishing Products, Home Furniture and Multi-Category. Its competitors include Stanley Lifestyles, Casa Paradox, Magus Designs, Ventura Furniture and Woodmart Exclusif and 1 more; 1 of its 6 listed competitors has raised funding.
Company details
Spacewood was established in 1996 in Nagpur, India, as a manufacturer in the furniture sector. A range of modular products is produced, including kitchens, office setups, living room and home furniture, wardrobes, and accessories. Operations focus on both residential and commercial applications, with distribution primarily through the Indian market via the domain spacewood.in. Leadership includes co-founders Kirit Joshi and Vivek Deshpande.
- Headquarters Nagpur, India
- Employees 709
- Founders Kirit Joshi, Vivek Deshpande
- Stage Minicorn
- SectorsConsumer
- Email••••••••
- Phone•••• ••••
- Website spacewood.in
- Social LinkedIn X Facebook Instagram
- Legal Name Spacewood Furnishers Pvt. Ltd.
- Date of Incorporation 18 Jun, 1996
- Jurisdiction Nagpur, Maharashtra, India
- Annual Revenue₹424 Cr
FY 2025 · +16% YoY
- Net Profit₹24.44 Cr
FY 2025 · 6% margin
- EBITDA₹47.71 Cr
FY 2025 · 11% margin
- Total Equity Funding$33.8M (USD)
in 2 rounds
- Latest Funding Round$33.8M (USD), Private Equity Round
Nov 2025
- InvestorsSumitomo Forestry
& 2 more
- Employee Count709
Associated legal entities of Spacewood
Spacewood is associated with 2 registered companies on The Company Check; the primary company is Space Wood Furnishers Private Limited.. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Space Wood Furnishers Private Limited. CIN U36100MH1996PTC100296 | Active | 18 Jun 1996 | Nagpur, Maharashtra | ₹424 Cr | 709 | 4 | View details |
| Spacewood Office Solutions Private Limited CIN U36100MH2008PTC178053 | Active | 21 Jan 2008 | Nagpur, Maharashtra | ₹193 Cr | 260 | 3 | View details |
Products & Services of Spacewood
Spacewood offers a comprehensive portfolio of products and services, including Modular Kitchens, Wardrobes, Bedroom Sets, and Office Furniture.
Solutions for efficient and stylish kitchen organization
Storage systems for organized clothing and accessories
Complete sets for comfortable and luxurious bedrooms
Functional furniture for modern office environments
Funding Insights of Spacewood
Spacewood has successfully raised a total of $33.8M across 2 strategic funding rounds. The most recent funding activity was a Private Equity Round of $33.8 million completed in November 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $33.8M
- Total Rounds 2
- Last Round Private Equity Round — $33.8M
- First Round $11.26M
(Nov 2015)
- Investors Count 3
All 2 funding rounds of Spacewood with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov 2025 | $33.8M | Private Equity Round | – | – | |
| Nov 2015 | $11.26M | Unspecified | $51.21M | Sumitomo Forestry, Brand Capital | – |
| Date | Valuation | Stage |
|---|---|---|
| Nov 2015 | $51.21M | •••••••• |
Last known valuation $51.21M (Nov 2015). 3 investors in total: 3 institutional.
Investors in Spacewood
Spacewood has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Sumitomo Forestry, Brand Capital and A91 Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investments in early-stage startups are made by Brand Capital. | – | brandcapital.co.in | Mumbai, India | |
Investment partnerships and support for founders in software, financial services, and consumer sectors. | – | a91partners.com | - | |
Property management services are provided across residential and commercial sectors. | 1691 | sfc.jp | Chiyoda City, Japan |
Investor details for Spacewood
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Board of directors of Space Wood Furnishers Private Limited. (Spacewood)
Space Wood Furnishers Private Limited. is the primary company behind Spacewood. The boards of the 2 registered companies of Spacewood currently have 4 directors; the longest-serving is Vivek Moreshwar Deshpande, appointed in 2008. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Vivek Moreshwar Deshpande DIN 00023147 | Director | 21 Jan 2008 | 18 yrs 8 mo | Spacewood Office Solutions Private Limited, Space Wood Furnishers Private Limited. |
| Kirit Sharad Joshi DIN 00204902 | Director | 21 Jan 2008 | 18 yrs 8 mo | Spacewood Office Solutions Private Limited, Space Wood Furnishers Private Limited. |
| Nitin Sharadchandra Sudame DIN 03291500 | Managing Director | 25 Feb 2011 | 15 yrs 7 mo | Spacewood Office Solutions Private Limited, Space Wood Furnishers Private Limited. |
| Abhay Kumar Pandey DIN 01650845 | Nominee Director | 27 Nov 2025 | 10 mo | Space Wood Furnishers Private Limited. |
People of Spacewood
44 people are tracked at Spacewood (14 in leadership, 30 in team); the tracked headcount is 709.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder & Director | Leadership | |
Prreeti Thaker | Head - Customer Relations | Leadership |
Vivek Chandra | Installation Head | Leadership |
Sridhar Arunachalam | Vice President Operations | Leadership |
Jayati N. | Head Sales And Marketing | Leadership |
Bhanu Kashyap | Design Head | Leadership |
Toshi R. | General Manager - Sales And Designs | Leadership |
Akhilesh Shukla | Head Of Business Development - Franchisee & Retail | Leadership |
Pankaj Arora | Channel Partner | Leadership |
Aniket Deshpande | Head Operations Spacewood Office Solutions Pvt. Ltd. | Leadership |
Girish Agarkar | Regional Sales Head | Leadership |
Pratyush Khatri | National Head Sales & Retail Expansion | Leadership |
Vinayak Pande | Project Head | Leadership |
Shubhomoy Biswas | Area Sales Manager | Team |
Nitin Sushir | Assistant Manager Business Development | Team |
Riyaz Hydade | Business Development Manager | Team |
Nitesh Shelare | Customer Care Executive | Team |
Bhakti Datar | Customer Support Officer | Team |
Sayali Joshi | Customer Support Executive | Team |
24 more people are available in the full profile.
Complete people profiles for Spacewood
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Financials of Spacewood
Figures of Space Wood Furnishers Private Limited., the primary company behind Spacewood, for FY 2025. Revenue was ₹424 Cr (+16% year on year). Net profit was ₹24.44 Cr (6% margin). EBITDA was ₹47.71 Cr (11% margin). Revenue has grown at a compounded annual rate of +15% over three years and +3% over five years.
- ₹424 CrRevenue · FY 2025 · +16% YoY
- ₹24.44 CrNet profit · 6% margin
- ₹47.71 CrEBITDA · 11% margin
- ₹5.68 CrPaid-up capital
- 709Employees (provident fund records)
- +15%Revenue CAGR, 3 years
- +3%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Space Wood Furnishers Private Limited. are on its company page.
Detailed financial statements for Spacewood
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Spacewood
4 dated milestones of Spacewood across 29 years, from founding to its latest funding, stage changes and deals.
- Founded Spacewood is founded.
- Funding First funding round of $11.3M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Private Equity Round, of $33.8M.
Competitors of Spacewood
Spacewood has 6 listed competitors in our database, 1 of them funded. They include Stanley Lifestyles, Casa Paradox, Magus Designs, Ventura Furniture and Woodmart Exclusif, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| lovestanley.com | 1996 | Bengaluru, India | $25.21M | 529 | Home furniture, decor, and accessories are provided by Stanley Lifestyles. | |
| casaparadox.com | 1993 | Delhi, India | – | 3 | Luxury home furnishings and interior design services are provided. | |
| magusdesigns.in | 2012 | Jaipur, India | – | 47 | Provides handcrafted furniture including tables, sofas, cabinets, and design services. | |
| venturafurniture.in | 2003 | Mumbai, India | – | – | Provides furniture design, manufacturing, and sales to architects and consumers in India. | |
| woodmart.in | 1997 | Delhi, India | – | 3 | Specializes in high-quality teakwood furniture for consumers. | |
| adikularts.com | 2014 | Jaipur, India | – | – | Serves as a manufacturer and exporter of luxury home furniture. |
Detailed competitors of Spacewood
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Web traffic of Spacewood
The website of Spacewood (spacewood.in) receives about 22.1K visits a month.
- Monthly visits22.1K
▼ 1.9% vs previous month
Websites whose visitors overlap most with Spacewood. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| kitchendecor.in | 100% | 680.7K | #6,474,442 | View details | |
| orenkitchenworld.com | 90% | – | – | View details | |
annapurnafurniture.com | annapurnafurniture.com | 89% | – | – | – |
johnsonkitchens.in | johnsonkitchens.in | 87% | – | – | – |
| haecker-india.com | 87% | 6.6K | #3,201,373 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 14 similar websites and full traffic analytics for Spacewood
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Top companies in Home & Living Products
10 companies that operate in the same segment as Spacewood (Home & Living Products), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of interior design and renovation services for homes and offices | 2014 | Bengaluru, Karnataka, India | USD 511.55 M | USD 172.66 M | 4,353 | |
App based platform to connect users with local service professionals | 2008 | San Francisco, California, United States | USD 698.85 M | – | 1,807 | |
Provider of FMCG conglomerate products | 1837 | United States | – | USD 457.23 M | 923 | |
Multi-category products are rented via subscription model. | 2014 | Bengaluru, Karnataka, India | USD 58.71 M | USD 14.82 M | 422 | |
Multi-category home improvement products are sold online by Wayfair. | 2002 | Boston, Massachusetts, United States | USD 368.2 M | USD 12.46 B | 3 | |
AI-enabled smart mattress covers and thermoregulated bedding are provided. | 2014 | New York, New York, United States | USD 323.07 M | – | 272 | |
Multi-category home improvement products are sold through an internet-first brand. | 2010 | London, England, United Kingdom | USD 135.9 M | – | – | |
Developer and manufacturer of heating, ventilation, air conditioning and refrigeration equipment | 1924 | Osaka, Osaka Prefecture, Japan | – | USD 29.47 B | 96,337 | |
Mattresses and bedding are provided by an internet-first brand. | 2014 | New York, New York, United States | USD 339.7 M | USD 497 M | 806 | |
Internet-first brand offering multi-category home furniture | 2012 | Bengaluru, Karnataka, India | USD 108.06 M | USD 26.92 B | 43,024 |
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Related news about Spacewood
Complete news archive for Spacewood
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Frequently Asked Questions about Spacewood
Spacewood was founded in 1996 and raised its 1st funding round 19 years after it was founded.
Spacewood is headquartered in Nagpur, India. It is registered at Nagpur, Maharashtra, India.
Spacewood is a funded company, having raised a total of $33.8M across 2 funding rounds to date. The company's 1st funding round was a Unspecified of $11.26M, raised on Nov 2015.
Spacewood has 709 employees.
The primary company behind Spacewood, Space Wood Furnishers Private Limited., reported revenue of ₹424 Cr for FY 2025, up 16% year on year.
Spacewood was established in 1996 in Nagpur, India, as a manufacturer in the furniture sector. A range of modular products is produced, including kitchens, office setups, living room and home furniture, wardrobes, and accessories. Operations focus on both residential and commercial applications, with distribution primarily through the Indian market via the domain spacewood.in. Leadership includes co-founders Kirit Joshi and Vivek Deshpande.
Spacewood's top competitors include Stanley Lifestyles, Casa Paradox and Magus Designs.
Spacewood offers Modular Kitchens, Wardrobes, Bedroom Sets, and Office Furniture.
Spacewood has 3 investors. Key investors include Sumitomo Forestry, Brand Capital, and A91 Partners.
The valuation of Spacewood is $51.21M as of Nov 2015.
Spacewood is associated with 2 legal entities: Space Wood Furnishers Private Limited., Spacewood Office Solutions Private Limited.
The legal entities of Spacewood currently have 4 directors, including Nitin Sharadchandra Sudame, Vivek Moreshwar Deshpande, Kirit Sharad Joshi and others.