India: CapriCoast raises $3.5m from RB Investments, Accel

Visual from the company website

Bangalore-based online modular kitchen and home furnishing solutions provider CapriCoast Home Solutions Pvt Ltd has raised $3.5 million in Series A round of funding from Singapore-based venture capital firm RB Investments. Existing investor Accel Partners also put in money in this round.

The home furnishing company plans to use the money for boosting sales, expanding marketing efforts and hiring talent.

Last month, DEALSTREETASIA was the first to report about the development.

“Capricoast is well aligned with our investment philosophy of investing in companies who are tackling a complex, multi-faceted problem that if addressed right provides a rapidly scalable business opportunity. We firmly believe that Capricoast offers the best approach to organise the fitted furnishing space in India with their team, technology and track record,” said Rajesh Bothra, MD, RB Investments.

RB Investments provides seed, venture and growth funding and also offers technical, technological, logistical and managerial expertise required for the entrepreneur to grow the venture into a successful company.

Earlier it invested in the companies like Spuul, Foodpanda, 5asec, Desai Fruits & Vegetables and Delight Foods.

“Our online-to-offline (O2O) market place model, addresses the problems that customers face today while buying modular furnishing – Obfuscated pricing, delayed delivery, limited choice and lack of transparency. CapriCoast is pioneering a data science led, transformative technology that is rapidly changing the way customers experience the buying modular furnishing in India,” said Jawad Ayaz, founder and CEO, CapriCoast.com.

Founded in January 2015 by Jawad Ayaz, CapriCoast claims to be the only marketplace in India for buying solutions. The company provides modular furnishing and home furnishing solutions online and has over 1,000 deliverable designs.

Also Read: India: Online furniture platform Homestudio raises $5m from realty firm Bren Corp
India: Furniture e-tailer CustomFurnish secures $4.5m from Agnus Capital
Exclusive: Indian furniture rental platform Permarent in advance talks to raise seed funding
India-based online furniture startup Homelane to raise $20m

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.