news

News

CapriCoast.com raises Rs 7.7 crore from Accel Partners
CapriCoast.com raises Rs 7.7 crore from Accel Partners
Online modular furnishings marketplace CapriCoast has raised Rs 23 crore ($3.5 million) from existing investor Accel Partners
CapriCoast raises $1.25 million from Accel Partners India, others
CapriCoast raises $1.25 million from Accel Partners India, others
Online furniture seller CapriCoast.com has raised $1.25 million in an early-stage round led by venture capital (VC) firm Accel Partners India. CapriCoast connects customers with manufacturers and suppliers of kitchen solutions and wardrobes. The company has both branded and private label products and it will use some of the money to expand its private label portfolio. CapriCoast has designed a standardised pricing mechanism to make it easier for customers to compare products and prices across manufacturers. “The $10 billion modular furnishing market in India is mostly unorganised with minimal quality standardisation, obfuscated pricing and a tedious, high-friction purchase process,” chief executive officer Jawad Ayaz said. “We want to change this by providing an engaging, never-before customer experience. CapriCoast.com’s online model eliminates middlemen and brings in cost efficiencies that are passed on to the customer, making it possible for the price of a world class modular kitchen to be 20-25% lower than any other comparable offerings in the market.” CapriCoast.com is available only in Bengaluru and it expects to expand to the six metros in the country by the end of 2015. “We see massive growth in the modular furnishing market in India, and see CapriCoast’s disruptive online-led approach as offering the most customer value in terms of product range, transparent pricing and ease of buying,” said Prashanth Prakash, partner at Accel. Ayaz also runs online furniture seller Zansaar, which is funded by Accel. Zansaar and CapriCoast will use each other’s platforms to increase their user base.
CapriCoast raises $1.25 m
CapriCoast raises $1.25 m
COIMBATORE, APRIL 13: Bengaluru-based online modular furnishing solutions provider CapriCoast.com has raised $1.25 million in a seed round led by Accel Partners India. The company, according to Jawad Ayaz, Founder and Chief Executive of CapriCoast, would use the seed fund to expand to all the six metros by the end of the current calendar year. The company’s online model would ensure cost efficiency by eliminating middlemen, offer 1,000s of deliverable designs and free design consultations, thus, making it possible to design a modular kitchen at a price range which is at least 20-25 per cent lower than any other comparable offerings in the market, claims Ayaz.
Started by Zansaar's co-founder, modular furnishing service provider CapriCoast raises $1.25 million
Started by Zansaar's co-founder, modular furnishing service provider CapriCoast raises $1.25 million
Bangalore-based online modular furnishing solutions provider, CapriCoast.com has raised $1.25 million in a seed round led by Accel Partners India. Starting with modular furniture, CapriCoast.com plays in home solution buying in India. capricoast_funding CapriCoast has been started by Jawad Ayaz who also co-founded Zansaar.com along with Vinod Chandran. Bangalore based Zansaar had raised $6 million from Accel Partners and Tiger Global back in 2012. Zansaar has been steadily declining in traffic (source: Alexa and SimilarWeb) but with the recent upsurge in the home and furnishing segment, things might start looking upwards again. With common investors, the press statement also mentions that CapriCoast and Zansaar will use each other’s platforms to increase their user base. CapriCoast claims to have 1000’s of deliverable designs with and an expertise in kitchens and wardrobes, to suit any design inclination and every budget. The website relies on online customization tools & free design consultations to ensure a good customer experience. “The $10B Modular furnishing market in India, is mostly unorganized with minimal quality standardization, obfuscated pricing and a tedious, high-friction purchase process. We want to change this by providing an engaging, never before customer experience”, said Jawad Ayaz, founder and CEO, CapriCoast. He further added, “CapriCoast.com’s online model eliminates middlemen and brings in cost efficiencies that are passed on to the customer, making it possible for the price of a world class modular kitchen to be 20-25% lower than any other comparable offerings in the market.” Prashanth Prakash, Partner, Accel Partners India Ventures said, “We see massive growth in the modular furnishing market in India, and see CapriCoast’s disruptive online-led approach as offering the most customer value in terms of product range, transparent pricing and ease of buying.” Currently CapriCoast.com is available in Bangalore and will use the seed funds to expand to all the 6 metros in India, by end of 2015. Most recently Furlenco raised $6 million from Lightbox ventures which is in the furniture rental space. There are a bunch of other startups in the space and consolidation seems to be just around the corner. With the funding infusion in CapriCoast, the idea seems to diversify and broaden the base which also holds Zansaar to grab a bigger pie of the market and give it another push.
Accel leads US$1.25M seed round in India’s CapriCoast
Accel leads US$1.25M seed round in India’s CapriCoast
Bangalore-based online modular furnishing solutions provider CapriCoast has raised US$1.25 million in seed funding, led by Accel Partners India. CapriCoast, which is currently available only in Bangalore, will use the funds to expand to six metro cities in India by end of this year, it said in a statement. It is an e-commerce shop for modular furnishing solutions. It offers a range of kitchens and wardrobes. The portal also offers customisation tools and free design consultations to ensure convenience. Also Read: Unitus closes US$5.8M for India-focussed seed fund “The US$10 billion modular furnishing market in India is mostly unorganised with minimal quality standardisation, obfuscated pricing and a tedious, high-friction purchase process. We want to change this by providing an engaging, never before customer experience,” said Jawad Ayaz, Founder and CEO of CapriCoast. “CapriCoast’s online model eliminates middlemen and brings in cost efficiencies that are passed on to the customer, making it possible for the price of a world-class modular kitchen to be 20-25 per cent lower than any other comparable offerings in the market,” he added. “We see massive growth in the modular furnishing market in India, and see CapriCoast’s disruptive online-led approach as offering the most customer value in terms of product range, transparent pricing and ease of buying,” said Prashanth Prakash, Partner, Accel Partners India.
Modular kitchen design & e-com startup CapriCoast raises $1.25M from Accel
Modular kitchen design & e-com startup CapriCoast raises $1.25M from Accel
Bangalore-based CapriCoast.com Home Solutions Pvt. Ltd, which provides modular kitchen designs along with online tools to customise and order them, has raised $1.25 million (under Rs 8 crore) in seed funding from VC firm Accel Partners India. Besides its designs, CapriCoast.com, which was started by furniture e-tailer Zansaar’s co-founder Jawad Ayaz six months ago, connects customers with manufacturers and suppliers of kitchen solutions and wardrobes. Currently, it is available in Bangalore and will use the funding to expand in all the metro cities in the country by the end of this year. Zansaar and CapriCoast will use each other’s platforms to increase their user base. Speaking on the investment, Prashanth Prakash, partner of Accel Partners India, said, “We see massive growth in the modular furnishing market in India and see CapriCoast’s disruptive online-led approach as offering the most customer value in terms of product range, transparent pricing and ease of buying.” Besides over 1,000 pre-designed kitchens, CapriCoast offers online 3D catalogue besides customisation tools. “The $10 billion modular furnishing market in India, is mostly unorganised with minimal quality standardisation, obfuscated pricing and a tedious, high-friction purchase process. We want to change this by providing an engaging, never before customer experience,” said Jawad Ayaz. “CapriCoast.com’s online model eliminates middlemen and brings in cost efficiencies that are passed on to the customer, making it possible for the price of a world class modular kitchen to be 20-25 per cent lower than any other comparable offerings in the market,” he added. In 2012, Accel Partners and Tiger Global together invested $6 million in Bangalore-based e-tailer of home décor products Zansaar.com.
CapriCoast raises $1.25 m
CapriCoast raises $1.25 m
Bengaluru-based online modular furnishing solutions provider CapriCoast.com has raised $1.25 million in a seed round led by Accel Partners India. The company, according to Jawad Ayaz, Founder and Chief Executive of CapriCoast, would use the seed fund to expand to all the six metros by the end of the current calendar year. The company’s online model would ensure cost efficiency by eliminating middlemen, offer 1,000s of deliverable designs and free design consultations, thus, making it possible to design a modular kitchen at a price range which is at least 20-25 per cent lower than any other comparable offerings in the market, claims Ayaz.
Modular kitchen design & e-com startup CapriCoast raises $1.25M from Accel
Modular kitchen design & e-com startup CapriCoast raises $1.25M from Accel
Bangalore-based CapriCoast.com Home Solutions Pvt. Ltd, which provides modular kitchen designs along with online tools to customise and order them, has raised $1.25 million (under Rs 8 crore) in seed funding from VC firm Accel Partners India. Besides its designs, CapriCoast.com which was started by furniture e-tailer Zansaar's co-founder Jawad Ayaz six months ago, connects customers with manufacturers and suppliers of kitchen solutions and wardrobes. Currently, it is available in Bangalore and will use the funding to expand in all the metro cities in the country by the end of this year. Zansaar and CapriCoast will use each other’s platforms to increase their user base. Speaking on the investment, Prashanth Prakash, partner of Accel Partners India, said, “We see massive growth in the modular furnishing market in India and see CapriCoast’s disruptive online-led approach as offering the most customer value in terms of product range, transparent pricing and ease of buying." Besides over 1,000 pre-designed kitchens, CapriCoast offers online 3D catalogue besides customisation tools. “The $10 billion modular furnishing market in India, is mostly unorganised with minimal quality standardisation, obfuscated pricing and a tedious, high-friction purchase process. We want to change this by providing an engaging, never before customer experience," said Jawad Ayaz. “CapriCoast.com’s online model eliminates middlemen and brings in cost efficiencies that are passed on to the customer, making it possible for the price of a world class modular kitchen to be 20-25 per cent lower than any other comparable offerings in the market," he added. In 2012, Accel Partners and Tiger Global together invested $6 million in Bangalore-based e-tailer of home décor products Zansaar.com.
Online Modular Furnishing Solutions Provider CapriCoast Raises $1.25M Led by Accel Partners
Online Modular Furnishing Solutions Provider CapriCoast Raises $1.25M Led by Accel Partners
Bangalore-based online modular furnishing solutions provider, CapriCoast.com, has raised $1.25 million in a seed round led by Accel Partners India. The company will use the seed funds to expand to all the 6 metros in India, by the end of 2015. CapriCoast connects customers with manufactures and suppliers of kitchen solutions and wardrobes. Its catalog has about 1000 designs of kitchen and wardrobes with a wide price range. The website relies on online customization tools & free design consultations to ensure a good customer experience. The firm has designed a standardized pricing mechanism for customers to compare products and prices across manufacturers. “The $10B Modular furnishing market in India, is mostly unorganized with minimal quality standardization, obfuscated pricing and a tedious, high-friction purchase process. We want to change this by providing an engaging, never before customer experience”, said Jawad Ayaz, Founder and CEO, CapriCoast. He furhter added “CapriCoast.com’s online model eliminates middlemen and brings in cost efficiencies that are passed on to the customer, making it possible for the price of a world class modular kitchen to be 20-25% lower than any other comparable offerings in the market”. Jawad Ayaz also runs online furniture seller Zansaar, which is funded by Accel. Zansaar and CapriCoast will use each other’s platforms to increase their user base. Last month, Bengaluru-based Furlenco, an online venture for renting furniture for residential use, has secured $6 million in series A round of funding from Lightbox Ventures. The other players in the online furniture space include Urban Ladder, FabFurnish, HomeLane, LivSpace, Pepperfry, CustomFurnish etc.
Home furniture portal, CapriCoast, raises $1.25 mn
Home furniture portal, CapriCoast, raises $1.25 mn
Bengaluru, April 13 : City-based online modular furniture solutions provider CapriCoast.com on Monday announced raising of $1.25-million (Rs.8 crore) seed fund from venture capital firm Accel Partners India to expand its operations. “The seed fund will be used to expand our presence beyond Bengaluru to other metros like Ahmedabad, Chennai, Delhi, Hyderabad, Kolkata and Mumbai by this year-end,” CapriCoast founder chief executive Jawad Ayaz said in a statement here. With innumerable deliverable designs, the start-up’s online catalogue offers a wide range of kitchens and wardrobes to suit any customer’s budget. The start-up estimates the furnishing market in India to be about $10 billion per annum though most of it is unorganised, lacking quality standards and fair pricing. “We want to change the way the modular furniture business is conducted by providing an engaging customer experience and make selection less tedious,” Ayaz noted. The company also offers customization tools and free design consultation for the convenience of its netizens. “Our online platform eliminates middlemen and brings cost efficiencies, which are passed on to customers, as our pricing for a modular kitchen is 20-25 percent lower than other offerings in the market,” Ayaz said. Accel partner Prashanth Prakash said on the occasion that as the Indian modular furnishing market is poised for a huge growth, CapriCoast’s disruptive online-led approach would offer immense customer value in terms of product range, transparent pricing and ease of buying. The Silicon Valley-based Accel venture and equity growth firm funds companies from inception through the growth stage.
:   X
# code...
Loading...