The furniture firm which is run by Deline Living India Pvt Ltd, will use the money for improving warehousing, better technology and to enhance customer experience.
“We see the Indian furniture market as nascent and non-organised. The market has not evolved with the changing needs of the Indian consumer exposed to global trends,” said Alok Duggal, chief operating officer of Homestudio.
A month old startup Homestudio provides end-to-end furniture solutions. It is building a technology wherein customers will be able to design kitchen and other furniture online with help of trained designers.
The startup has more than 50 employees and planning to expand more in next one-and-a-half years.
Bangalore-based Bren Corporation, a builders and real estate developers, offers affordable and luxury apartments. The company was founded in 1973.