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Lorazzo raises ₹15 crore led by Sauce, targets ₹100 crore revenue in two years after 6x growth
Our read
Lorazzo is likely to keep growing fast on its price gap to imports, but reaching ₹100 crore in two years depends on whether service and distribution scale as quickly as sales.
For operators
Lorazzo's ₹58,999 smart commode sits far below the ₹1.5–5 lakh import tier, so kitchen and bath retailers and distributors should test shelf space for it, but only if Lorazzo can back its warranties of up to 20 years with installation and after-sales service.
Watch
Announcement of new showrooms, dealer tie-ups or installer networks in more cities
Ask next
The report,
Lorazzo raised ₹15 crore in a round led by Sauce, with Sprout Venture Partners, Panthera Peak and Alteria Capital. The kitchen and bathroom fittings brand grew revenues six times in 12 months and targets ₹100 Crore in revenue over the next two years.
- Comparable international cleansing toilet price₹1.5 lakh to ₹5 lakh
- Intelli Smart Commode price₹58,999
Reported figures
From the report. Source details below
| Intelli Smart Commode price: | ₹58,999 |
|---|---|
| Warranty offered: | up to 20-years |
What to track next
- Launch of new products or a price-tier expansion beyond the Intelli Smart Commode
- Price cuts or new smart-toilet launches from established bath-fittings brands
- A follow-on funding round or debt raise ahead of the two-year window
- Rising customer complaints, warranty claims or negative reviews about installation and service
The source
Published
Also reported by ET Retail, Entrackr, Indian Retailer, BW Disrupt Entrepreneur India re-reported it (no new facts)
First seen