April 9, 2025: PARÉ Innovations, a building materials and interior products manufacturer has secured $8.5 million to accelerate it growth targets as it sets eye on an IPO, and ₹1000Cr revenue target.
“This milestone marks a significant leap forward in PARÉ’s ambitious growth strategy as the company sets its sights on reaching a turnover of Rs 1,000 crore over the next four years,” the company divulged in a statement.
PARE Innovations to expand to new global markets
With a operations in 13 countries, the company aims to accelerate domestic and international expansions to reach more than 50 countries.
The Thane-based PARÉ founded in 2020 aims to strengthen its position in India’s rapidly growing Tier II and III cities, focusing on deepening market penetration.
“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,” said Bipin Parmar, Managing Director, PARÉ Innovations.
In the next few years, the company – a manufacturer of ceiling, wall and facade panels, plans to go for a potential public listing to further fuel its expansion and market reach.In its first funding round from Advenza Global Limited, the company now has a post-investment valuation of Rs 540 crore.
