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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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
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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 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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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| 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 |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Spacewood
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Spacewood
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| 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.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Spacewood
Frequently Asked Questions about Spacewood
When was Spacewood founded?
Spacewood was founded in 1996 and raised its 1st funding round 19 years after it was founded.
Where is Spacewood located?
Spacewood is headquartered in Nagpur, India. It is registered at Nagpur, Maharashtra, India.
Is Spacewood a funded company?
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.
How many employees does Spacewood have?
As of Aug 28, 2025, the latest employee count at Spacewood is 709.
What is the annual revenue of Spacewood?
Annual revenue of Spacewood is $44.26M as on Mar 31, 2024.
What does Spacewood do?
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.
Who are the top competitors of Spacewood?
Spacewood's top competitors include Stanley Lifestyles, Casa Paradox and Magus Designs.
What products or services does Spacewood offer?
Spacewood offers Modular Kitchens, Wardrobes, Bedroom Sets, and Office Furniture.
Who are Spacewood's investors?
Spacewood has 3 investors. Key investors include Sumitomo Forestry, Brand Capital, and A91 Partners.
What is Spacewood's valuation?
The valuation of Spacewood is $51.21M as of Nov 2015.