Company Name : CustomFurnish
Funding Amount : Rs 30 Cr
Investor(s) Agnus Capital.
Hyderabad based CustomFurnish, a vertically integrated e-commerce venture in the furniture and home furnishing space announced that it has raised Rs30 Cr in a fresh round of funding from Bangalore based family office Agnus Capital.
This is the second round of funding raised by the e-tailer which is promoted by Dr. Madhukar Gangadi, Founder of e-pharmacy, MedPlusmart.
Dr. Madhukar Gangadi, Founder and CEO, CustomFurnish, said, “We are delighted to announce the second round of fund raising, which we plan to use for upgrading the technology base and strengthening our logistics to reach a wider customer-base across the country.”
Currrently, CustomFurnish offers its services in Hyderabad, and Bengaluru and the company is planning to expand its presence to the other four metros. The company operates three manufacturing facilities in Hyderabad from where it manufactures kitchen cabinets, wardrobes, sofas and custom curtains.
CustomFurnish had earlier raised Rs 16 crore led by Satish Reddy, Srini Raju and Srini Koppolu.