Woodenstreet.com Raises $1M Funding from RVCF
WoodenStreet, a Jaipur-based online custom-furniture platform, has successfully raised USD 1 Million in Series-A round. The funding was led by RVCF (Rajasthan Venture Capital Funds), and the investment was overseen by Growth India Fund.
Wooden Street was co-founded by four engineering and commerce graduates – Lokendra Ranawat, Dinesh Pratap Singh, Virendra Ranawat and Vikas Baheti in May 2015. They envisioned providing Indian consumers with affordable and custom-made solid wood furniture at lower price points.
Understanding the highly fragmented and unorganized sector of the 20B furniture industry in India, the founders believed that there was room for more. To fit with the consumers need, their idea was to collaborate with their finest makers and in-house furniture designers to deli...