Q:Hello. Does anybody have an idea about the expansion of the e retail company customfurnish in the city? I heard they are planning to start a new unit in the city.
Latest Answer: They have a seed round of Rs 16 crore from six individual investors and a loan of Rs 3 crore from Small Industries Development Bank of India ( SIDBI), Customfurnish.com will enter Bangalore and Chennai markets in the next two to three months. To fund its expansion plans pan-India, they have started discussions to raise Rs 100 crore in a subsequent round from institutional investors.
