CONNECT WITH US
Funding Tracker

Funding Tracker

Sauce leads Rs 15 Cr funding round in kitchen and bathroom brand Lorazzo

Entrackr logo

Published on

Add as a preferred source on Google
Sauce leads Rs 15 Cr funding round in kitchen and bathroom brand Lorazzo

Lorazzo, a design-led kitchen and bathroom brand, has raised Rs 15 crore in a funding round led by Sauce, with follow-on investment from Sprout Venture Partners and participation from Panthera Peak and Alteria Capital.

The fresh funds will be used to expand its product portfolio, invest in product development, build its team, strengthen its online and offline channels, and expand its presence across more states in India, Lorazzo said in a press release.

Co-founded in 2024 by Jatin Luthra and Saurabh Gupta, Lorazzo is an Indian kitchen and bathroom brand focused on combining design, technology and functionality across everyday home products.

The company offers products across faucets, sinks, shower systems, bidets, wash basins, smart toilets and other kitchen and bathroom categories. Lorazzo is building an omnichannel business across ecommerce, quick commerce and offline retail, with a focus on making traditionally functional home categories more consumer-centric and design-focused.

Lorazzo’s product range includes the Intelli Smart Commode, a cleansing WC with a heated seat, electronically operated bidets, an air dryer, ambient lighting and digital temperature control. The product is priced at Rs 58,999, compared with Rs 1.5 lakh to Rs 5 lakh for comparable cleansing toilets from international brands.

Lorazzo offers up to 20 years of warranty on products across kitchen sinks, sanitaryware, mirrors, cabinets and faucets. It also provides pan-India onsite installation and service.

The brand has grown its revenue six times over the past 12 months and is targeting Rs 100 crore in revenue over the next two years.



Source link
Related Topics:Funding Tracker

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We TheMorningPulse.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It's possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.