APRIL 202019IN FOCUSWOODENSTREET SCHEMES It should be noted that in July 2018, the company raised $1 million from Rajas-than Venture Capital Fund in Series A funding. The com-pany which started primar-ily as an online custom fur-niture brand now has over 25 experience stores and a hundred delivery hubs across the country. In 2019 Septem-ber, the brand announced its plans to establish over 50 experience stores across the country within the next 24 months. Specialising in cus-tomisation, the company also boasts interior designing services for complete home interior solutions. At present, the company has experience stores in Bangalore, Mum-bai, Chennai, Delhi, Jaipur, Indore, among others. Cur-rently, the company attracts about 12,000-15,000 visi-tors per day on its website, WoodenStreet.com. TO SPREAD OUT IN SOUTH INDIAEnclosing an area of 5,000 sq ft, these experience stores are aimed at making quality cus-tom furniture options accessible to the people of Hyderabad. Lokendra Ranawat the CEO of WoodenStreet is well aware that folks in South In-dia are intrigued towards solid-wood and handcrafted furniture and in-tents to deliver the relevant products which match their comfort level. In addition, the company protocols to invest about Rs 15 crore over the next 12 to 18 months.The investment is in line with the company's proposal to open a third store in Hyderabad and venture into the other regions by opening four additional stores in Southern part of India. WoodenStreet claims to bring handmade crafts of over 500 Indian artisans to the centre of public at-tention under its Make-in-India ini-tiative. To which Ranawat adds "Our nation thrives when its people thrive. And our people thrive when their tra-ditions are given a platform to culti-vate even in this fast-paced era".
< Page 9 | Page 11 >