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WoodenStreet

Startups get tax holiday, capital gains exemption

Tax holiday for these businesses was extended by one more year to March 2022 during Budget presentations today. Capital gains exemption given to them has also been extended by one more year. As of the last week of December, there...

Woodenstreet to invest $2 mn on expansion, strengthening network over 1 year

WoodenStreet, a custom furniture brand, is aiming to expand its outreach by opening 20+ new stores, which will raise the count to 50+ stores, in next 12 months, respectively. For an expansion drive, the company will target into the...

Retail custom furniture brand WoodenStreet spends Rs 7.4 crore in physical expansion

With an investment of RS 7.4 crore, custom furniture startup WoodenStreet is expanding into the markets of West Bengal and Kerala by launching two new Experience Stores in the cities of Kolkata and Kochi, respectively. The company will also...

Custom furniture brand WoodenStreet raises US$ 3 million in Series-A funding lead by IAN Fund

Jaipur-based online custom furniture platform WoodenStreet has raised US$ 3 Million in Series-A funding lead by IAN Fund and Rajasthan Venture Capital Funds (RVCF) also the part. The company plans to utilize this investment in increasing its footprint, both domestically...

WoodenStreet to spend US$ 500K, reveals plans for touch-free stores

Custom furniture startup WoodenStreet is planning to spend US$ 500K to change how its experience stores will feel and function post-coronavirus pandemic. The plan includes a touch-free store policy, virtual reality and 3D services and sanitized supply chain. The brand...

WoodenStreet opens 2 new stores in South India; plans to invest Rs 15 crore for further expansion

Investing a total of Rs 5 crore (approx.), custom furniture start-up WoodenStreet has begun its second South Indian expansion drive by opening two new experience stores in Hyderabad. These stores are located in Banjara Hills and Miyapur. The first such...

Online furniture brand WoodenStreet records 112 percent revenue growth by crossing Rs 50 crore in FY 2019-20

Custom furniture brand WoodenStreet has reported annual revenue of Rs 50 crore (approx.), a 112 percent rise in FY 2019-20, projecting a healthy increase of 138 percent in revenues for the upcoming FY 2020-21. Founded in 2015 as a platform...

WoodenStreet aims to invest US$ 3-4 million in global expansion, targets Europe in first phase

Online custom furniture brand, WoodenStreet, is aiming for a global expansion starting with Europe by opening its first international experience stores within the city of London, England. The initial phase will see an investment of US$ 3 million to US$...

WoodenStreet to invest around US $8-10 million for offline expansion; open 50+ experience stores

India’s one of the leading online custom furniture brand, WoodenStreet, has laid out its plan to establish 50+ experience stores across the country within next 24 months. This new expansion plan was announced recently with the launch of 4...

WoodenStreet aims to raise US$ 10 mn in 12 months

Online furniture marketplace WoodenStreet is planning to raise US$ 10 million in the next 12 months, the company said in a statement on Sunday. According the company, the newly-raised fund would be utilised for an Omnichannel expansion across India, including...
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