Custom Furniture Brand 'Wooden Street' targets to raise 
200 crore in Series C
Finest Custom Furniture Brand Wooden Street is standing in its progressive stages to lift nearly 
200 crore (approximately $25 million) from Premji Invest. This significant Series C funding round is projected to spur the value of the company at 1,500-1,600 crore or $180-200 million.
200 crore (approximately $25 million) from Premji Invest. This significant Series C funding round is projected to spur the value of the company at 1,500-1,600 crore or $180-200 million.
This vital funding comes after a time the Omni channel that combines the physical stores with online stores has been utilizing a vital strategy for financial backers in the space of consumers.
Additionally, venture capital funds are crossing the boundaries and enabling the digital-only startups to generate a physical or offline channels after achieving a considerable scale to intensify the revenue potential and access greater base of customers.
The Rajasthan-based Wooden Street that deals with home décor items and other personalized furniture and captivates with more than 100 stores across the country. The company is planning to launch furthermore 10 stores each month as it strongly working into the process of doubling its Omni channels strategy.
Additionally, it plans to amplify those touch points. In the month of April, the brand is forecasting to invest 50-70 crore to construct its manufacturing facility in Jodhpur, Rajasthan. The facility spanning over 10 lakh square feet plant aided to push up its manufacturing capacity to 4-5 lakh units annually. The brands targets to increase its overall output with the recent fundraise, a major capital will deploy towards the expansion of business.
50-70 crore to construct its manufacturing facility in Jodhpur, Rajasthan. The facility spanning over 10 lakh square feet plant aided to push up its manufacturing capacity to 4-5 lakh units annually. The brands targets to increase its overall output with the recent fundraise, a major capital will deploy towards the expansion of business.
An official subjected to this matter says, “Wooden Street caters to customers in the premium space and its make in India approach has helped the company differentiate itself from other competitors in the space”.
