Homestudio.com, a one month old startup offering branded global home solutions in the furniture and kitchen category via an online platform, has today raised $5 million in seed funding from Bren Corporation.
Founded in November 2015, Homestudio.com is an end-to-end furniture solution provider, from designs to execution to customer service. The startup claims to be building technology where in customer will be able to design kitchen and other furniture online with help of trained designers. Bren Corporation, the chief investor in this funding round, retails in India high-end furniture from German manufacturer Nolte Group.
The startup plans to use this newly infused fund to power its technical ends and will be majorly looking to improve its web presence and customer service experience.
Mr. Alok Duggal, COO at Homestudio.com commented –
We see the Indian furniture market still nascent and non-organized. The market has not evolved with the changing needs of the Indian consumer exposed to global trends.
At Homestudio.com, we bridge that gap by providing reputed German furniture at surprisingly affordable pricing in a variety of styles with a focus on innovation and better quality product. We are in the Indian market to become a one stop shop offering branded quality furniture solution for our customers.
Although the startup is in its nascent stage, its ambitions are as high as they could be. The company intends to expand its presence in almost all major Indian coordinates in a time span of one year. It has already a command over 50 employees working in the direction and plans to recruit more.