12 April 2024 – The landscaping firm Garden of Joy said on Thursday that Inflection Point Ventures (IPV)-led initial investment round has brought in Rs 84 lakh. The funds will be used by the business to grow in Bengaluru and five more cities. “Our partnership with IPV has significantly impacted our startup’s path.
This financial injection supports our growth and verifies our goal of creating lively, long-lasting outdoor environments. The founder and CEO of Garden of Joy, Sanyam Raheja, said, “We will be using these funds to build in-house tech products for designing and vertical integration for all our services.”
“Currently, we’re present in Bangalore (the older name of the city) and Hyderabad, and in the next couple of years, we will be expanding to all major cities in Karnataka, Telangana, Maharashtra, Tamil Nadu, and Kerala,” he said in a news release.
Conclusion
According to Garden of Joy, the landscaping business is estimated to be worth $296 billion worldwide and $14.96 billion in India. The compound yearly growth rate for the worldwide market is projected to be 4.72% from 2024 to 2028.
