Leading Office Furniture Brand Transteel Raises funds
- ByManjeet Singh | October 11, 2021
Transteel, a retailer of direct-to-consumer office furniture aimed at small and midsize businesses, raised Rs 4 crore in expansion capital from Klub, a revenue-based financing company.
Transteel, which launched in May 2020, provides superior office furniture for startups, small businesses, and medium-sized businesses. The firm has been directly engaging with customers through pan-India shipping, which has helped them reach 40,000 online purchases since May 2020.
Shiraz Ibrahim, Managing Director of Transteel, commented on the funding, “It gives us great confidence that our investors are in line with our vision of promoting the consumer/MSME/SME verticals of Transteel. This funding will definitely help us in developing our business and will boost our mission of providing affordable furniture directly to the end consumer that is delivered and installed in as little as a week, with a “buy now, work now” approach to suit the fast-paced nature of start-up and small business culture.”
According to Anurakt Jain, co-founder and CEO of Klub, “What sets Transteel apart from other players, is their specialization in manufacturing office and home furniture offering a delightful mix of design, value for money, and most importantly ergonomics. Their digital-first approach to make furniture solutions accessible to a large set of customers disrupts the traditional retail model,”
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