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A91 Partners bets ₹300 crore on Spacewood for a 25% stake

Mint Bangalore

|

November 06, 2025

A91 Partners invested ₹300 crore for a 25% stake in Nagpur-based modular furniture manufacturer Spacewood Furnishers, marking the private equity firm’s latest bet in consumer manufacturing segment.

- Priyamvada C priyamvada.c@livemint.com

A91 Partners bets ₹300 crore on Spacewood for a 25% stake

The deal values the business at ₹1,200 crore valuation and Spacewood will use the fresh capital for brand building and strengthening operations, according to a press release. The funding will support technology upgrades, process automation, and talent acquisition to improve operations and retail presence, it added.

The deal underscores rising investor interest in India’s organized furniture and home improvement market, which has seen renewed demand since the pandemic as consumers channel more of their discretionary income toward upgrading living spaces.

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