WoodenStreet opens 10th Store in Delhi NCR, upbeat about North
By Retail4Growth Bureau | June 01, 2023
The new store, located at South Extension, covers a carpet area of 4000 sq. ft, and drew an investment of around INR 2-3 crore.
Leading furniture brand WoodenStreet, has announced the launch of its 10th store in Delhi NCR. The new store, located in the heart of Delhi NCR at South Extension, covers a carpet area of 4000 sq. ft, and was opened with an investment of around INR 2-3 crore.
With this store, the company's presence in the NCR region now extends to 10 stores.
In addition to the new store, WoodenStreet also has a fulfillment center in Delhi. Spread across an area of 50000 sq. ft.; the facility helps in improving WoodenStreet's business.
Located at, the center aims to reduce delivery timelinFatehpur Beries in the National Capital Region, says the company statement. It also serves approximately 70 percent of the order quantity in the region.
Speaking on the new studio launch, Lokendra Ranawat, CEO of WoodenStreet, said, "North India holds immense significance for us as a crucial market. The opening of our 10th store in Delhi NCR reaffirms our dedication to serving the region and signifies a major milestone in our journey. Alongside this, the fulfillment center represents another step forward in our mission to expand our reach and cater to a wider audience. We are proud to expand our presence and create new work opportunities for people in the region."
With 100+ experience stores, 30+ warehouses, and 30k+ home furniture & décor products, the brand expects to continue expanding across India, including Metro, Tier-2 & Tier-3 cities.
In April, last year, WoodenStreet secured $30 million in Series-B funding from Westbridge Capital. As part of its plans to expand nationwide, the brand announced in October 2022 that it would invest approximately $20 million.
