PARÉ Innovations achieves post-money valuation of Rs 540 crore; aims for Rs 1,000 crore turnover

PARÉ Innovations , a manufacturer of premium ceiling, wall and facade panels , has reached a post-money valuation of ₹540 crore. The company aims to achieve a turnover of ₹1,000 crore in the next four years.

Established four years ago, PARÉ Innovations has secured ₹72.9 crore in its initial funding round from Advenza Global Limited. PARÉ Innovations intends to expand its operations both within India and overseas. Currently operating in 13 countries, the organisation aims to establish its presence in more than 50 nations. The company also plans to enhance its market presence in India's B and C-class cities through increased market penetration.

Bipin Parmar, Managing Director, PARÉ Innovations said, "This funding marks a significant step towards realising our vision of making PARÉ a global leader in the interior products space. We're excited to accelerate our growth and expansion plans, and look forward to creating exceptional spaces."

PARÉ Innovations is considering various strategic options, including a potential public listing, to support its expansion and market presence.

PARÉ Innovations aims to enhance the international appeal of Indian-manufactured interior products by incorporating contemporary global trends. The company produces various building materials and interior décor items in India, maintaining high standards of excellence.