CapriCoast.com will use the seed funds to expand to all the 6 metros in India, by end of 2015.
Bangalore-based online modular furnishing solutions provider, CapriCoast.com has raised $1.25 million in a seed round led by Accel Partners India.
Currently CapriCoast.com is available in Bangalore and will use the seed funds to expand to all the 6 metros in India, by end of 2015.
“Starting with modular furniture, CapriCoast.com is set to revolutionize home solution buying in India. With 1000’s of deliverable designs, the rich online catalogue offers India’s widest range of kitchens and wardrobes, to suit any design inclination and every budget. Easy to use online customization tools and free design consultations ensure a never before convenience and customer experience, said the company’s official release, said the company’s official release.
“The $10B Modular furnishing market in India, is mostly unorganized with minimal quality standardization, obfuscated pricing and a tedious, high-friction purchase process. We want to change this by providing an engaging, never before customer experience,” said, Jawad Ayaz, founder and CEO, CapriCoast.
He further added, “CapriCoast.com’s online model eliminates middlemen and brings in cost efficiencies that are passed on to the customer, making it possible for the price of a world class modular kitchen to be 20-25 per cent lower than any other comparable offerings in the market.”
Prashanth Prakash, Partner, Accel Partners India Ventures said, “We see massive growth in the modular furnishing market in India, and see CapriCoast’s disruptive online-led approach as offering the most customer value in terms of product range, transparent pricing and ease of buying. We are delighted to partner with CapriCoast.com in their endeavour.”
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