The company intends launching its services across Bangalore and Chennai early next month. The venture is launched in the presence of Mr. Srini Koppolu, Chairman of Setu Software & Angel Investor.
The investors in this prestigious venture include
Mr. Satish Reddy, Chairman, Dr. Reddy’s Laboratories, Mr. Srini Raju, Founder, Peepul Capital, and Mr. Srini Koppolu, Chairman of Setu Software & Angel Investor.
CustomFurnish.com has an easy to use interface that allows customers to turn interior designer and do up their home furniture according to their choice of colour, style, design, size. With its vertically integrated model it turns customers’ ideas into reality seamlessly. It is for the first time in India that a retail mart enables the customers to unleash their creativity into reality with numerous options of style, material and budget.
“We saw it as an opportunity to revamp the customer experience of online market for furniture. Our aim is to remove the constraints of catalogue based model of selling and replace it with an interactive approach that allows an almost infinite choice of designs.” said Dr. Madhukar Gangadi, Founder and Chief Executive Officer, CustomFurnish.com, at the launch of the website.
Mr. Srini Koppolu, Co-investor said, “Our innovative designing tool helps the users design their furniture, have a look of the finish product, and get them delivered and installed in their homes within a very short span. The entire shopping experience being convenient, hassle free and personalized, we believe, it will soon become the most preferred furniture e-tailer in the coming years.”
The company has raised around Rs.16 cr. through a group of investors including Mr. Satish Reddy, Mr. Srini Raju, and Mr. Srini Koppolu and others and debt from Small Industries Development Bank of India (SIDBI). Currently CustomFurnish.com operates its own manufacturing unit and delivery centre in Hyderabad, which serves as a hub for the entire country.
The online store offers style-savvy home décor enthusiasts the chance to explore from the extensive range of the furnishings materials and designing them in accordance with their home décor. The company's inaugural offerings include modular kitchens, wardrobes, entertainment units, other fitted furniture for the home along with sofa sets. The company plans to expand their product offerings and include more products to address every possible need for a complete interior makeover.
Aesthetically designed portal offers user-friendly navigation capability with fast loading, easy check out and ample number of payment options to choose from. With the seamless blend of artistic design, efficient craftsmanship and state-of the art manufacturing unit, the company aspires to become the leader in the online furniture biz in the coming years.
About CustomFurnish.com:
The latest venture of Madhukar Gangadi, Founder & CEO, MedPlus Group, India's leading pharmacy retail chain, CustomFurnish.com is first of its kind online retailer for custom furniture. The company is a Hyderabad based E-commerce start-up.
The USP of the company is easy to use online design software which lets customers design from scratch or customizes existing models, while allowing for visualization and instant pricing update of the designed product. It is one of the few vertically integrated e commerce models in the market and uses this to offer fantastic value to the end customer.
About Madhukar Gangadi
A doctor by training and an entrepreneur by nature, Dr. Gangadi has founded and grown MedPlus into 1230 stores across 12 states. Dr. Gangadi holds an MBBS from Kurnool Medical College and an MBA from the Wharton School of Business. As both a doctor and successful entrepreneur, Dr. Gangadi brings experience and knowledge of the business and organizational skills to his business initiatives.
About MedPlus Group
MedPlus is India's leading pharmacy retail chain started with a single minded focus of making healthcare delivery more customer-centric. MedPlus offers a wide selection of genuine medicines, at stores conveniently available in over 1230 retail outlets spread across 12 states in India. It empowers customers to shop at its online store, MedPlusMart.com, for a great selection of beauty and personal care products at very attractive prices.
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