Aug 22, 2023

B2B platform Boxs raises $1.6 million in funding led by Peak XV's Surge SECTIONS ETtech Rate Story Synopsis The seed funding round also included participation by Titan Capital and the founders of Zetwerk. The new funds will be used to strengthen Boxs’ product offering and expand its manufacturing capabilities, per a statement by the company. ETtech Representative Image Boxs , a business-to-business manufacturing platform for interior designers and architects, on Tuesday said it has raised $1.6 million in a funding round led by Peak XV’s Surge. The seed funding round also included participation by Titan Capital and the founders of Zetwerk. The new funds will be used to strengthen Boxs’ product offering and expand its manufacturing capabilities, per a statement by the company. With Boxs, interior designers can access a library of modules where they can create designs. The platform allows for the customisation of these modules. At every step, prices are calculated with an instant pricing engine for full visibility over costs. The designers can also have their designs delivered as fully assembled products, similar to purchasing goods on Ikea, the statement added. The final products are manufactured through an automated supply chain and delivered assembled, in two to three weeks. “For far too long, interior design firms have been stuck with decades-old systems and processes, and spend a disproportionate amount of time managing workers onsite to ensure the final build quality and timelines are met. Even large, established firms struggle to build their designs on time,” said Vikram Venkatesan, co-founder of Boxs. The company, founded in May 2022, is working with an initial network of 30 Chennai-based interior design firms within the residential interior design sector as clients. The clients rely on Boxs’ platform, which is currently available on request, to manage a majority of their projects, and on average save up to 50% on construction timelines, as per the statement. Discover the stories of your interest Boxs was founded by Venkatesan and Satheesh Ramdass in Chennai. Ramdass worked as a technology lead at organisations such as Oracle , Microsoft and Vegrow. Venkatesan led product and engineering teams at D.E. Shaw, Thoughtworks and Ally.io. The founders were classmates at the College of Engineering, Guindy, Chennai. After nearly a decade in the tech industry, the duo bootstrapped their first company, Zenterior, where they experienced the challenges of creating efficient and accurate interior designs. "We are really proud to be partnering with Boxs early in their journey given their unique insights into the interior value chain and the team's capability to apply tech to bring efficiency into the design-to-build process,” said Bipin Shah, Partner at Titan Capital. Don’t miss out on ET Prime stories! Get your daily dose of business updates on WhatsApp. click here! Tuesday, 22 Aug, 2023