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Wooden Street raised Rs 354 crore (approximately $43 million) in a Series C funding round led by Premji Invest to fuel aggressive business expansion and enhance its omni-channel presence.

Dec 07, 2024•7 months ago

Amount Raised

₹3.54 Billion

Round Type

series c

JaipurFurnitureHome And GardenRetailE Commerce

Investors

Premji Invest

Description

Wooden Street, a furniture and home decor brand, has raised Rs 354 crore (approximately $43 million) in a Series C funding round. The company plans to utilize the funds for business expansion, including opening new stores and enhancing manufacturing capabilities.

Company Information

Company

Wooden Street

Location

Jaipur, Rajasthan, India

About

Wooden Street is a Rajasthan-based custom furniture brand that deals with home décor items and other personalized furniture. The company has a make in India approach and caters to customers in the premium space. With more than 100 stores across the country, Wooden Street is also in the process of doubling its Omni channels strategy.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

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