Wooden Street raises Rs 354 crore in funding round from Premji Invest (#1684631)

Wooden Street, a leading home decor brand has raised Rs 354 crore ($43 million) in a funding round led by global investment firm Premji Invest.

The company will use the funds to scale operations and expand its retail footprint by opening new stores in tier 1 and tier 2 cities.

Additionally, Wooden Street aims to strengthen its manufacturing capabilities, diversify product portfolio, and strengthen supply chain.

Commenting on the investment, Kaveesh Chawla, partner at Premji Invest in a statement said, “With a vertically integrated supply chain, in-house manufacturing in India, and exclusive experience stores, Wooden Street has proven its ability to deliver beautifully crafted designs, exceptional quality, and competitive pricing. We are excited to partner with Wooden Street as they continue to delight customers with premium, made-in-India furniture.”

Lokendra Ranawat, CEO co-founder of Wooden Street added, “This funding is a result of the hard work and dedication of the entire Wooden Street team. With Premji Invest’s support, we are poised to accelerate our mission of redefining how India experiences furniture, blending innovation with tradition at every step.”

Founded in 2015, Wooden Street currently operates 102 experience stores, 20 warehouses, and a 15-lakh sq ft manufacturing facility across India.