Skip to content
Living

India’s WoodenStreet eyes 15 stores by end of 2019

By Minjun ParkIndia
2 min read
furniture
furniture
In this article (5)

In 2016, WoodenStreet entered the retail market with its first brick-and-mortar experience store in Bangalore. Established in 2015 as an online platform for quality custom furniture, WoodenStreet expanded its reach by opening 2 stores in 2017 and 9 stores in 2018, totalling to 12 experience stores. What’s next? 15 new experience stores by the end of 2019.

Lokendra Ranawat, CEO, WoodenStreet expressed his aim to bring customization and quality a step closer to everyone’s home. “It’s not just about an online presence”, he elaborates, “but getting down there and interacting with our customers makes buying furniture a more personal experience, as it should be. We want people to not just visualize, but also feel the quality of furniture that we offer. We want them to see the limitless configurations, combinations and customization possibilities that they can actually get for themselves.”

2018 was a long but fruitful year for WoodenStreet. Mumbai and Jaipur stores have been established in the last quarters of 2017, and the overwhelming response from these two stores, combined with a financial push from US$ 1 million Series A funding from RVCF, hardened the resolve to expand into further cities. Hence came the first stores of Ahmedabad, Hyderabad, Chennai, Pune, Noida, Gurgaon and Indore, with two more stores in Bangalore and Jaipur. This set up a large Omnichannel network, enabling greater penetration into the furniture market with a promise of quality and flexibility.

“Last year was challenging but fun.”, says Virendra Ranawat, COO of WoodenStreet.com, commenting on the rocking journey. “But this hasn’t stopped us. We want to ensure that 2019 sees the addition of 15 more stores to our ever-growing roster. Which means that by the end of this year, we’ll have 27 brick-and-mortar stores in total.”

WoodenStreet.com is a custom furniture store, with more than 30 delivery hubs and 12 experience stores spread across India, bringing quality solid wood furniture and the flexibility of customization closer to people and their dream of setting up a home flavoured to their tastes.

Questions & Answers

Q.

How many physical stores did WoodenStreet have before the planned 2019 expansion?

A.

By the end of 2018, WoodenStreet had a total of 12 experience stores. These were established after starting with one store in 2016, adding two in 2017, and nine more in 2018.

Q.

What is the reason behind WoodenStreet's decision to expand its physical store network?

A.

The company decided to expand due to an overwhelming response from their Mumbai and Jaipur stores, which opened in late 2017. A US$1 million Series A funding from RVCF also strengthened this resolve.

Q.

What is the total number of physical stores WoodenStreet aims to have by the end of 2019?

A.

WoodenStreet aims to add 15 new stores in 2019. This means they will have 27 brick-and-mortar stores in total by the end of this year.

Q.

Which cities saw new WoodenStreet stores open during 2018?

A.

In 2018, the first stores were opened in Ahmedabad, Hyderabad, Chennai, Pune, Noida, Gurgaon, and Indore. Also, two more stores were established in Bangalore and Jaipur.

Reader pulse

WoodenStreet's 2019 expansion plan?

19,885 votes so far

Weekly Briefing

Asia's retail intelligence, in your inbox

Monday, Wednesday and a Friday Weekly Wrap: the retail stories, numbers and moves that mattered across Asia. Nothing else, and you can unsubscribe in one click.

  • Top industry moves and market shifts
  • Weekly data-driven analysis from across Asia
  • Monday, Wednesday and the Friday Weekly Wrap

Read by retail operators, investors and brand teams across Asia.

Protected by a quick human check. No spam, ever. Unsubscribe in one click.

SecureGDPR ready