Wooden Street
| Private | |
| ISIN | 🆔 |
| Industry | Home & Furniture |
| Founded 📆 | 2015 |
| Founder 👔 | |
| Headquarters 🏙️ | , , |
Area served 🗺️ | India |
Key people | Lokendra Ranawat (CEO),[1] Dinesh Pratap Singh, Vikas Baheti and Virendra Ranawat.[2] |
| Products 📟 | Furniture, home décor |
| Revenue🤑 | ₹500 crore[3][4] |
| Members | |
Number of employees | |
| 🌐 Website | [Lua error in Module:WikidataIB at line 665: attempt to index field 'wikibase' (a nil value). ] |
| 📇 Address | |
| 📞 telephone | |
Wooden Street is an Indian online marketplace for furniture and home décor. The company was founded in 2015 and headquartered in Jaipur, Rajasthan.[5][6] The companies turnover was Rs 2 crore in the first year, 2015-16, and it jumped to Rs 18 crore in 2016-17.[7] In July 2018 the company secured seed capital of $1 million from Rajasthan Venture Capital Fund and $3 million in Series A funding led by IAN fund.[8][9][10][11]
History[edit]
Wooden Street was co-founded by Lokendra Ranawat, Dinesh Pratap, Virendra Ranawat and Vikas Baheti in 2015.[12].The company opened its first offline store in Bangalore in 2016.
Awards[edit]
The company is the recipient of Times Entrepreneurs Award 2016, Hindustan Times Excellence Award 2016, and Top Innovator award by SINE (Society for Innovation and Entrepreneurship) IIT Bombay.[13]
References[edit]
- ↑ "Sheer curtains, bright blooms, fragrant diffusers, hand-painted planters: Beat that gloom with monsoon décor hacks - Times of India". The Times of India. Retrieved 2021-07-08.
- ↑ Sil, Debarghya (28 August 2020). "This Jaipur-Based Startup Delivers Customized Furniture At Doorsteps". Entrepreneur. Retrieved 2021-07-08.
- ↑ "WoodenStreet to Establish 100+ Stores & Reach Revenues of Rs 500 cr in 2 years". Indian Retailer. Retrieved 2021-07-07.
- ↑ "EXPANSION MODE! This firm rolls out franchise program; plans 100-plus stores in 2 years; 500 employment opportunities". Zee Business. 22 June 2021. Retrieved 2021-07-07.
- ↑ Bureau, Our. "Online custom furniture platform WoodenStreet to invest $4-5 million to expand warehousing capacity". businessline. Retrieved 2021-07-07.
- ↑ "Furniture e-tailer WoodenStreet continues expansion, launches experience stores Gurugram, Noida; to hire store staff". Zee Business. 4 April 2021. Retrieved 2021-07-08.
- ↑ "WoodenStreet invests Rs 5 crore; opens two new stores in Hyderabad - The Financial Express". www.financialexpress.com. 26 February 2020. Retrieved 2021-07-08.
- ↑ Sil, Debarghya (28 August 2020). "This Jaipur-Based Startup Delivers Customized Furniture At Doorsteps". Entrepreneur. Retrieved 2021-07-07.
- ↑ "IAN Fund leads funding in customised furniture startup WoodenStreet". VCCircle. 2 June 2020. Retrieved 2021-07-07.
- ↑ "Online furniture retail soars". 21 June 2021. Retrieved 2021-07-08.
- ↑ "How Wooden Street Carved Out Positive Unit Economics By Tapping Custom Furniture Demand". 8 October 2020. Retrieved 2021-07-08.
- ↑ "Wooden Street Co-Founder Lokendra Ranawat On Selling Custom-Built Furniture Online". 17 November 2015.
- ↑ Leader, The Weekend. "Quartet's online furniture business started with Rs 5 lakh achieves Rs 18 crore turnover in less than three years". www.theweekendleader.com. Retrieved 2021-07-07.
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