About Modern Rugs
Modern Rugs is a company based in Bishop Auckland (United Kingdom) founded in 2004 by Ben Dale was acquired by PHD Equity Partners in December 2014.. The company has 13 employees as of August 31, 2018. Modern Rugs offers products and services including Portland Rug, Celestial Rug, and Glitz Rug. Modern Rugs operates in a competitive market with competitors including Blinds 2 Go, Online Home Shop, myza, Rug Seller and The Millshop Online, among others.
- Headquarter Bishop Auckland, United Kingdom
- Employees 13 as on 31 Aug, 2018
- Founders Ben Dale
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Sectors
Consumer
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Phone
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Website
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Social
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- Legal Name Modern Rugs Limited
- Date of Incorporation 09 Jul, 2009
- Jurisdiction NEWCASTLE UPON TYNE
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
13
as on Aug 31, 2018
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Acquired by
PHD Equity Partners
(Dec 11, 2014)
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Products & Services of Modern Rugs
Modern Rugs offers a comprehensive portfolio of products and services, including Portland Rug, Celestial Rug, and Glitz Rug. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Rug available in multiple sizes for living rooms and hallways.
Decorative rug in various colors for bedroom or dining areas.
Shaggy rug option for modern home decor and comfort.
Funding Insights of Modern Rugs
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Modern Rugs
Modern Rugs has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include PHD Equity Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Modern Rugs
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Modern Rugs
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Modern Rugs Comparisons
Competitors of Modern Rugs
Modern Rugs operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Blinds 2 Go, Online Home Shop, myza, Rug Seller and The Millshop Online, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Online retail of window blinds and curtains is operated.
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| domain | founded_year | HQ Location |
Online seller of bedding, curtains, garden items, and home decor products.
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| domain | founded_year | HQ Location |
Home textiles products are offered via an online marketplace.
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| domain | founded_year | HQ Location |
Sold rugs and offered customer support through retail operations.
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| domain | founded_year | HQ Location |
Online store selling fabrics, curtains, upholstery, and supplies for home furnishings.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Modern Rugs
When was Modern Rugs founded?
Modern Rugs was founded in 2004.
Where is Modern Rugs located?
Modern Rugs is headquartered in Bishop Auckland, United Kingdom. It is registered at Bishop Auckland, County Durham, United Kingdom.
How many employees does Modern Rugs have?
As of Aug 31, 2018, the latest employee count at Modern Rugs is 13.
What does Modern Rugs do?
Modern Rugs is an online rug shop.It sells rugs of different sizes, shapes and brands. It claims to have 15000 designs as of may 2016. It has tie-ups with brands like Esprit, Calvin Klein, Ted Baker etc. It was started by Ben Dale in 2004. It sells rugs price ranged from ranging from below 50 to over 1,000. It sells 25,000 rugs per year domestic and trade clients and the interior design industry. It was bought by Enterprise Ventures with funds from Coalfields Growth Fund and PHD Equity Partners for 3.2 M in Dec 2014.
Who are the top competitors of Modern Rugs?
Modern Rugs's top competitors include Blinds 2 Go, myza and Online Home Shop.
What products or services does Modern Rugs offer?
Modern Rugs offers Portland Rug, Celestial Rug, and Glitz Rug.
Who are Modern Rugs's investors?
Modern Rugs has 1 investor. Key investors include PHD Equity Partners.