Furniture e-tailer Gets Big Funding Boost

Published: 05th March 2015 06:00 AM  |   Last Updated: 05th March 2015 03:59 AM   |  A+A-

HYDERABAD: Serial entrepreneur Madhukar Gangadi, who founded MedPlus Health Services, said on Wednesday that his new venture,, had received Rs 16 crore funding from Dr Reddy’s Laboratories’ chairman Satish Reddy, Peepul Capital founder Srini Raju and former MD of Microsoft India Srini Koppolu.

The custom-made furniture e-tailer currently operates its own manufacturing unit and delivery centre in Hyderabad, but intends to launch services in Bengaluru and Chennai next month.

“Our aim is to remove the constraints of catalogue-based model of selling and replace it with an interactive approach.” said Madhukar.

According to Srini Koppolu, the innovative designing tool helps users design their furniture, have a look of the final product, get delivery and installation in a short span. “The entire shopping experience being convenient, hassle-free and personalised, we believe, it will soon become the most preferred furniture e-tailer in the coming years,” he said.

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