WoodenStreet, a Jaipur-based online custom furniture company, is expanding its footprint into West Bengal and Kerala markets with an investment of Rs 7.4 crore (USD one million).
The company will launch two new experience stores in Kolkata and Kochi. It will later launch stores in Coimbatore, Tamil Nadu and Mysuru, Karnataka.
In Kolkata, WoodenStreet will open its store in Salt Lake, while that in Kochi will be at Edappally.
This marks the return of the company’s expansion drive post-lockdown, especially focused towards South India, along with an eastbound expansion that begins with Kolkata.
Currently, the company operates 25 brick-and-mortar stores across 15 major cities, delivering a range of over 10,000 furniture and décor products to over 300 Indian cities.
In June 2020, the company had raised USD three million in Series-A funding from IAN Fund and Rajasthan Venture Capital Funds (RVCF).