The online furniture seller, CapriCoast, has raised $1.25 Million in a funding round led by venture capital firm Accel Partners India for business expansion.
Bangalore based CapriCoast is expected to use the funds for expanding the firm’s services to the six metros in the country by the end of 2015.
CapriCoast serves as a link between the customers, the manufacturers and suppliers of kitchen solutions and wardrobes by eliminating the middleman.
“We want to change this by providing an engaging, never before customer experience. CapriCoast.com’s online model eliminates middlemen and brings in cost efficiencies that are passed on to the customer, making it possible for the price of a world class modular kitchen to be 20-25% lower than any other comparable offerings in the market,” says Jawad Ayaz, CEO, CapriCoast.