Hotline: 1800 102 2007
X
Loading
Search Business Opportunities
2015-03-05

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

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

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.

Related opportunities
  • Guest House / Service Apartments
    PREMIMUM HOSTEL ACCOMMODATION OFFERING SGL, DOUBLE, TRIPLE OCCUOANCY ROOMSUHostels aims..
    Locations looking for expansion New Delhi
    Establishment year 2017
    Franchising Launch Date 2017
    Investment size Rs. 50lac - 1 Cr.
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater South Delhi New Delhi
  • About ChotiwalaChotiwala is a legendary restaurant established well back in..
    Locations looking for expansion New Delhi
    Establishment year 1958
    Franchising Launch Date 2015
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 4000 sq ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater South Delhi New Delhi
  • About Wonder ChefWonderchef Kitchenware as a company was born out..
    Locations looking for expansion Maharashtra
    Establishment year 2009
    Franchising Launch Date 2015
    Investment size Rs. 30lac - 50lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai City Maharashtra
  • Lighting, Electrical & Plumbing
    About:We are in the business of building material for the..
    Locations looking for expansion Chandigarh
    Establishment year 1983
    Franchising Launch Date 2017
    Investment size Rs. 50lac - 1 Cr.
    Space required 3000 - 3500 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater chandigarh Chandigarh
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities