Hotline: 1800 102 2007
X
Loading
Search Business Opportunities
2015-02-24

E-tailer FabFurnish looks to raise over $50 million for expansion

FabFurnish is eyeing to raise fresh funds of more than $50M from our existing investors, Rocket Internet and Kinnevik.

Online home furnishing and furniture store FabFurnish is on an expansion spree, planning to raise $50 million from existing investors for investing in warehouse, expansions of physical stores, logistics and marketing activities.

"Within the next six months to one year, we are eyeing to raise fresh funds of more than $50 million from our existing investors, including Rocket Internet and Kinnevik," FabFurnish CEO and Co-founder Vikram Chopra told PTI.

Fabfurnish offers products from over 500 local and international brands and partnered with logistics giants like First Flight, DTDC and GoJavas for pan-India delivery. The firm was backed by Rocket Internet.

Earlier, the firm has already raised more than $30 million from these investors.

"The company has aggressive plans to expand the number of stores to push its private labels as part of its brand building exercise," said Chopra.

"Furniture is a segment which does not have a brand as such in our country. Whatever we sell is our own private label, so there is a tremendous opportunity in building these owned brands and for these we need to have multiple touch points with our consumers," he said.

"We are focussing on building stores not because we want to increase our sales but as part of building our brand image. We want to take our brands to a large number of people through this," he added.

Related opportunities
  • Men's footwear
    About:Bata India is the largest retailer and leading manufacturer of..
    Locations looking for expansion New Delhi
    Establishment year 1950
    Franchising Launch Date 2016
    Investment size Rs. 30lac - 50lac
    Space required 1000 - 2000 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater South Delhi New Delhi
  • Manufacturing & Ancillary
    About: Client is into business in relation to designing, manufacturing..
    Locations looking for expansion New Delhi
    Establishment year 1996
    Franchising Launch Date 2016
    Investment size Rs. 10lac - 20lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater South Delhi New Delhi
  • About FiLLi Café:-Launched in 1991, FiLLi is the fastest growing..
    Locations looking for expansion Maharashtra
    Establishment year 1991
    Franchising Launch Date 2017
    Investment size Rs. 50lac - 1 Cr.
    Space required 500 - 1000 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai City Maharashtra
  • Fashion Accessories
    About Boga :-Boga is a premium fashion accessories brand designed especially for..
    Locations looking for expansion Maharashtra
    Establishment year 2011
    Franchising Launch Date 2016
    Investment size Rs. 30lac - 50lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai City Maharashtra
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