India: Online furniture platform Homestudio raises $5m from realty firm Bren Corp

Homestudio.com, an online furniture company, has raised $5 million from real estate company Bren Corporation, according to a statement.

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.

Also Read: 

India: Furniture e-tailer CustomFurnish secures $4.5m from Agnus Capital

Exclusive: Accel-backed Indian furnishing solutions platform CapriCoast in talks to raise Series A round

Exclusive: Indian furniture rental platform Permarent in advance talks to raise seed funding

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.