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Lorazzo Secures ₹5 Crore for Smart Home Innovation
22 Jan
Summary
- Lorazzo secured ₹5 crore in seed funding led by Sprout Venture Partners.
- The startup focuses on smart home hardware tailored for Indian conditions.
- Funds will boost innovation, design, technology, and omnichannel expansion.
Lorazzo, a home improvement startup, has announced securing ₹5 crore in seed funding. The round was led by Sprout Venture Partners and First Cheque, with participation from the Chandigarh Angel Network and other angel investors. This funding marks a significant milestone for the company, founded in 2024.
The capital infusion is earmarked for enhancing Lorazzo's product innovation, strengthening its design and technology infrastructure, and broadening its retail footprint across India. Currently, Lorazzo operates via its direct-to-consumer website and is also available on various online retail and quick commerce platforms.
The company operates within the smart home hardware sector, offering a range of products such as intelligent bidets, kitchen faucets, and modular accessories. These products are specifically designed to address Indian household conditions, including variations in water pressure and TDS levels.
Lorazzo aims to modernize the everyday bath and kitchen experience in Indian homes by bridging a gap in the market between mass-market options and premium international brands. Investors are optimistic about Lorazzo's potential to scale into a national brand as the demand for smart home solutions continues to grow.
