About Spacewood
Spacewood is a company based in Nagpur (India) founded in 1996 by Kirit Joshi and Vivek Deshpande. Spacewood has raised $45.06 million across 2 funding rounds from investors including Sumitomo Forestry, Brand Capital and A91 Partners. The company has 709 employees as of August 28, 2025. Spacewood offers products and services including Modular Kitchens, Wardrobes, Bedroom Sets, and Office Furniture. Spacewood operates in a competitive market with competitors including Stanley Lifestyles, Casa Paradox, Magus Designs, Ventura Furniture and Woodmart Exclusif, among others.
- Headquarter Nagpur, India
- Employees 709 as on 28 Aug, 2025
- Founders Kirit Joshi, Vivek Deshpande
- Stage Minicorn
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Sectors
Consumer
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Spacewood Furnishers Pvt. Ltd.
- Jurisdiction Nagpur, Maharashtra, India
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Annual Revenue
$44.26 M (USD)7.01as on Mar 31, 2024
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Net Profit
$6.17 M (USD)144.03as on Mar 31, 2024
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EBITDA
$3.79 M (USD)81.16as on Mar 31, 2024
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Total Equity Funding
$45.06 M (USD)
in 2 rounds
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Latest Funding Round
$33.8 M (USD), Private Equity Round
Nov 05, 2025
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Investors
Sumitomo Forestry
& 2 more
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Employee Count
709
as on Aug 28, 2025
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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
People of Spacewood
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Funding Insights of Spacewood
Spacewood has successfully raised a total of $45.06M 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 Total Funding
- Total Rounds 2
- Last Round Private Equity Round — $33.8M
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First Round
First Round
(02 Nov 2015)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2025 | Amount | Private Equity Round - Spacewood | Valuation |
investors |
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| Nov, 2015 | Amount | Unspecified - Spacewood | Valuation | Sumitomo Forestry , Brand Capital |
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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 |
|---|---|---|---|---|
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Investments in early-stage startups are made by Brand Capital.
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Founded Year | Domain | Location | |
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Investment partnerships and support for founders in software, financial services, and consumer sectors.
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Founded Year | Domain | Location | |
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Property management services are provided across residential and commercial sectors.
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Founded Year | Domain | Location |
Investments & Acquisitions by Spacewood
Financial Statements - Spacewood
Spacewood Comparisons
Competitors of Spacewood
Spacewood operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Stanley Lifestyles, Casa Paradox, Magus Designs, Ventura Furniture and Woodmart Exclusif, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Home furniture, decor, and accessories are provided by Stanley Lifestyles.
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| domain | founded_year | HQ Location |
Luxury home furnishings and interior design services are provided.
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| domain | founded_year | HQ Location |
Provides handcrafted furniture including tables, sofas, cabinets, and design services.
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| domain | founded_year | HQ Location |
Provides furniture design, manufacturing, and sales to architects and consumers in India.
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| domain | founded_year | HQ Location |
Specializes in high-quality teakwood furniture for consumers.
|
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 $45.06M across 2 funding rounds to date. The company's 1st funding round was a Unspecified of $11.26M, raised on Nov 02, 2015.
As of Aug 28, 2025, the latest employee count at Spacewood is 709.
Annual revenue of Spacewood is $44.26M as on Mar 31, 2024.
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.