Furniture and Decor Startup, Sunday Design Raises USD 1.5M in Pre-Series A Funding
Sunday Design, a global furniture and home décor brand, has secured USD 1.5 million (INR 125 million) in Pre-Series A funding led by QRG Investment & Holdings (The Family Office of Havells India Limited Founders), Kama Group (Family Office of SRF Ltd), KCT Family Office, and existing investors.
Founded by Gautam Baid in 2021, Sunday Design works with Italian designers to create and sell high-quality furniture. Since its inception, the company claims to have expanded at a monthly rate of 10%.
“We are grateful for the trust of our new and existing investors, who have encouraged us to harness this vision and make a greater impact. With this investment, we intend to collaborate with top European designers and grow our footprint in an omnichannel format by introducing product lines on a strategic basis,” said Baid, founder Sunday Design.
All the products are manufactured in India and designed internationally to make modern, design-conscious pieces for customers. “We believe in partnering with brands that are future-proof and show high potential for growth. The furniture and home décor industry is poised for significant growth in India. Sunday Design is addressing a white space in the industry. The mid-segment has been wholly underserved and by bringing together a global design aesthetic and pairing it with local manufacturing, Sunday is offering something that has already shown significant traction,” Anil Rai Gupta, chairman, QRG Investments and Holdings (Havells Family Office), stated.
Sunday Design plans to utilise this capital to expand both its online and offline presence. Backed by the success of its flagship Experience Centre on MG Road in Delhi, the company plans to open additional retail spaces within the coming year across Mumbai and Bangalore. They will also be launching an e-commerce store to expand the reach and scale of their market share across the country and in new segments.
Sunday Design also plans to expand its product range, including the launch of home fragrances, table linen, tableware, and soft furnishings. The brand aims to emerge as a complete premium home décor brand. “We aim to achieve 100% growth over the coming two fiscal years,” Baid stated.
