Wooden Street Secures Rs 354 Cr In Series C Round To Fuel Expansion
The funding will be used to scale its retail presence, expand manufacturing capabilities, and diversify its product portfolio
Wooden Street, an Indian furniture and home decor brand, has raised Rs 354 crores (approximately $43 million) in its Series C funding round, led by global investment firm Premji Invest, as per media reports. This marks one of the largest fundraisers in the home and furniture sector in recent years.
Founded in 2015 by Lokendra Ranawat, Virendra Ranawat, Dinesh Pratap Singh, and Vikas Baheti, Wooden Street has become a prominent player in India’s furniture market, operating over 100 experience stores, 20+ warehouses, and a 15 lakh sq ft manufacturing facility across the country. The funding will be used to scale its retail presence, expand manufacturing capabilities, and diversify its product portfolio.
The Indian furniture market has seen growing demand, fueled by urbanisation and rising disposable incomes. Wooden Street’s vertically integrated supply chain, in-house manufacturing, and exclusive stores position it to capitalize on this trend. Premji Invest’s backing will help the company accelerate its growth while enhancing its omni-channel presence and supply chain.
With this round, Wooden Street has raised a total of approximately USD 35 million to date, further solidifying its position as a leader in the rapidly expanding home decor market in India.
