PARÉ Innovations, a Mumbai-based premium ceiling, wall, and facade panel manufacturer, has raised $8.5 million (₹72.9 crore) in its first funding round from Advenza Global at a post-money valuation of ₹540 crore.
The fresh capital will be used to expand its operation in domestic and international markets. Currently present in 13 countries, PARÉ is now targeting expansion to over 50 global markets. The company also plans to enhance its market presence in India’s B and C-class cities through increased 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 of PARÉ Innovations.
Founded in 2020 by Bipin Parmar and his son, Parth Parmar, PARÉ Innovations is a player in the building material segment, specializing in ceilings, walls, and facade systems.
The company specialises in durable, waterproof, maintenance-free ceiling, wall, and facade panels that offer a real wood feel and customisable designs—serving applications in homes, offices, and commercial establishments.
