Funding round · Consumer
Lorazzo raises ₹15 crore led by Sauce
The home fittings brand adds backing as it broadens its distribution across India.
Scaling a consumer home fittings brand
Sprout Venture Partners returned for the round, joined by Panthera Peak and Alteria Capital. Lorazzo reported sixfold revenue growth over the preceding year and set a ₹100 crore revenue target for the next two years.
The company is building sales across its website, ecommerce, quick commerce and physical retail. The financing supports a wider presence in Indian states as the brand tries to bring more consumer choice and product differentiation to kitchen and bathroom fittings.
Use of funds
Expand product portfolio and research
Build the team
Expand online and offline distribution across India
Funding history
Funding round · This round₹150M