Mumbai, Nov. 5 -- A91 Partners has invested Rs.300 crore for a 25% stake in Nagpur-based Spacewood Furnishers, a modular furniture manufacturer, marking the private equity firm's latest bet in the consumer manufacturing segment.

The deal values the overall business at Rs.1,200 crore valuation and Spacewood will use the fresh capital towards brand building and operational strengthening, according to a press release.

The funding will also support technology upgrades, process automation, and talent acquisition to improve its operations and retail presence.

The transaction underscores rising investor interest in India's organized furniture and home improvement market, which has seen renewed demand since the pandemic as consumers channel mo...