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CustomFurnish.com raises Rs 16 crore from SIDBI, other investors

Tags: Serial entrepreneur, CustomFurnish, MedPlus Group, Hyderabad Angels, Peepul Capital, Greenko group, e-tailer, Angel Investor

March 05, 2015 | COMMENTS ( 0 )

CustomFurnish.com raises Rs 16 crore from SIDBI, other investors

Serial entrepreneur Dr. Madhukar Gangadi of MedPlus Group raises Rs 16 crore for his venture CustomFurnish.com a group of investors and debt from Small Industries Development Bank of India (SIDBI). The investors include Satish Reddy, Chairman, Dr Reddy's Laboratories; Srini Raju, Founder, Peepul Capital; Srini Koppolu, Founder, Hyderabad Angels; and Anil Chalamshetty of Greenko group.

"We saw it as an opportunity to revamp the customer experience of online market for furniture. Our aim is to remove the constraints of catalogue based model of selling and replace it with an interactive approach that allows an almost infinite choice of designs." said Dr Madhukar Gangadi, Founder and Chief Executive Officer, CustomFurnish.com.

Taking the convenience of online shopping a notch higher, custom-made furniture e-tailer, CustomFurnish.com, announces the launch of its services in Hyderabad today. The company intends launching its services across Bangalore and Chennai early next month. The venture is launched in the presence of Srini Koppolu, Chairman of Setu Software and Angel Investor.

CustomFurnish.com has an easy to use interface that allows customers to turn interior designer and do up their home furniture according to their choice of colour, style, design, size. With its vertically integrated model it turns customers' ideas into reality seamlessly. It is for the first time in India that a retail mart enables the customers to unleash their creativity into reality with numerous options of style, material and budget.

Srini Koppolu, Co-investor said, "Our innovative designing tool helps the users design their furniture, have a look of the finish product, and get them delivered and installed in their homes within a very short span. The entire shopping experience being convenient, hassle free and personalized, we believe, it will soon become the mostpreferred furniture e-tailer in the coming years."

Currently CustomFurnish.com operates its own manufacturing unit and delivery centre in Hyderabad, which serves as a hub for the entire country.

The online store offers style-savvy home décor enthusiasts the chance to explore from the extensive range of the furnishings materials and designing them in accordance with their home décor. The company's inaugural offerings include modular kitchens, wardrobes, entertainment units, other fitted furniture for the home along with sofa sets. The company plans to expand their product offerings and include more products to address every possible need for a complete interior makeover.

Aesthetically designed portal offers user-friendly navigation capability with fast loading, easy check out and ample number of payment optionsto choose from. With the seamless blend of artistic design, efficient craftsmanship and state-of the art manufacturing unit, the company aspires to become the leader in the online furniture business in the coming years.

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