About StitchWood
StitchWood is a Consumer company based in Mumbai (India) founded in 2015. Online custom made furniture. StitchWood has raised $553.48 thousand across 2 funding rounds from investors including Kedar Gajanan, Rakesh Mehrotra and Susmit Patodia. StitchWood was last valued at $3.53 million in July 2016. Its Indian entity Tangramme Furnishing Solutions Private Limited reported revenue of ₹1.59 Cr. Its focus areas include Retail, Home Improvements, B2C Commerce and Horizontal. Its competitors include Madeforme, Interio Bliss and Yagotimber.
Company details
StitchWood provides a tech interface for creating virtual 3-D rendering of customized furniture. Has an in-house team of furniture experts and interior designers for providing customizable designs to begin with. Ties up with vendors for getting furniture made, with a strong quality control aspect. Soon to launch offline expert assistance for selecting design, targeted at above 40 age group. Guarantees three-week delivery. Tied up with 5 vendors as of April 2015. Has tied up with more than 200 micro, small medium enterprises (MSMEs) to manufacture the furniture (July 2016).
- Headquarters Mumbai, India
- Stage Minicorn
- SectorsConsumer
- Email••••••••
- Website stitchwood.com
- Social LinkedIn X Facebook
- Legal Name Tangramme Furnishing Solutions Private Limited
- Date of Incorporation 30 Jun, 2014
- Jurisdiction Nagpur, Maharashtra, India
- Annual Revenue₹1.59 Cr
FY 2017
- Net Loss-₹2.64 Cr
FY 2017 · -166% margin
- EBITDA-₹2.50 Cr
FY 2017 · -157% margin
- Total Equity Funding$553.48K (USD)
in 2 rounds
- Latest Funding Round$177.49K (USD), Angel Round
Jul 2016
Associated legal entities of StitchWood
StitchWood operates through Tangramme Furnishing Solutions Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2017) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Tangramme Furnishing Solutions Private Limited CIN U36102MH2014PTC255756 | Active | 30 Jun 2014 | Nagpur, Maharashtra | ₹1.6 Cr | 17 | 2 | View details |
Funding Insights of StitchWood
StitchWood has successfully raised a total of $553.48K across 2 strategic funding rounds. The most recent funding activity was a Angel Round of $177.49 thousand completed in July 2016. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $553,484
- Total Rounds 2
- Last Round Angel Round — $177,493
- First Round $375,991
(Jun 2015)
- Investors Count 46
All 2 funding rounds of StitchWood with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2016 | $177,493 | Angel Round | $3.53M | Raman Bindlish | |
| Jun 2015 | $375,991 | Angel Round | $2.36M | Ravi Venkataraju, Rohit Khanna |
| Date | Valuation | Stage |
|---|---|---|
| Jul 2016 | $3.53M | •••••••• |
| Jun 2015 | $2.36M | •••••••• |
Last known valuation $3.53M (Jul 2016). 46 investors in total: 0 institutional and 46 angel.
Investors in StitchWood
StitchWood has secured backing from 46 investors, including angel investors. Prominent investors backing the company include Kedar Gajanan, Rakesh Mehrotra and Susmit Patodia.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
KG Kedar Gajanan | unknown_19cf5ea74de14e36a | |||
RM Rakesh Mehrotra | unknown_88e485d091f6483db | |||
SP Susmit Patodia | unknown_be548d250c984eb9b | |||
DW Dattatraya Wavhal | unknown_a9a265d959764ac5a | |||
NA Nilima Arun Kottewar | unknown_683b2ce72ea94aaa9 | |||
AM Adithya Maganti Ravikumar | unknown_495d5c62e8fc4aee9 | |||
DV Deepak Vasudeo Samant | unknown_6957e4a1f14346a89 | |||
SD Shubhangi Deepak Samant | unknown_b57ac376e35943cba | |||
VH Vivek Haridas Phutane | unknown_61092016b1a54136b | |||
GG Gunjan Ghanshyam | unknown_4e931275e7f34b3f8 |
Investor details for StitchWood
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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Verified entity values are shown only after access is granted.
Board of directors of Tangramme Furnishing Solutions Private Limited (StitchWood)
Tangramme Furnishing Solutions Private Limited is the primary company behind StitchWood. The board of Tangramme Furnishing Solutions Private Limited currently have 2 directors; the longest-serving is Ajit Shegaonkar, appointed in 2014. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ajit Shegaonkar DIN 01691443 | Managing Director | 30 Jun 2014 | 12 yrs 4 mo | Tangramme Furnishing Solutions Private Limited |
| Neelima Chandrashekhar Shegaonkar DIN 00108621 | Director | 14 May 2023 | 3 yrs 5 mo | Tangramme Furnishing Solutions Private Limited |
Financials of StitchWood
Figures of Tangramme Furnishing Solutions Private Limited, the primary company behind StitchWood, for FY 2017. Revenue was ₹1.59 Cr. Net loss was -₹2.64 Cr (-166% margin). EBITDA was -₹2.50 Cr (-157% margin).
- ₹1.59 CrRevenue · FY 2017
- -₹2.64 CrNet loss · -166% margin
- -₹2.50 CrEBITDA · -157% margin
- ₹81.4 LakhPaid-up capital
- 17Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Tangramme Furnishing Solutions Private Limited are on its company page.
Detailed financial statements for StitchWood
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of StitchWood
4 dated milestones of StitchWood across 1 years, from founding to its latest funding, stage changes and deals.
- Founded StitchWood is founded.
- Funding First funding round of $376K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Angel Round, of $177K.
Competitors of StitchWood
StitchWood has 3 listed competitors in our database. They include Madeforme, Interio Bliss and Yagotimber.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| madeforme.in | 2015 | Bengaluru, India | Operates an online platform specializing in custom-made furniture for personalized home solutions. | |||
| interiobliss.com | 2020 | Moradabad, India | Offers online sales of antique bowls, brass handicrafts, furniture, idols, and lamps items. | |||
| yagotimber.com | 2016 | Delhi, India | An online private label brand offering custom-designed furniture and consultation services. |
Detailed competitors of StitchWood
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Top companies in Home & Living Products
3 companies that operate in the same segment as StitchWood (Home & Living Products) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of interior design and renovation services for homes and offices | 2014 | Bengaluru, Karnataka, India | USD 511.55 M | USD 172.66 M | 4,353 | |
Multi-category products are rented via subscription model. | 2014 | Bengaluru, Karnataka, India | USD 58.71 M | USD 14.82 M | 422 | |
Internet-first brand offering multi-category home furniture | 2012 | Bengaluru, Karnataka, India | USD 108.06 M | USD 26.92 B | 43,024 |
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Related news about Stitchwood
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Frequently Asked Questions about StitchWood
StitchWood was founded in 2015.
StitchWood is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
StitchWood is a funded company, having raised a total of $553.48K across 2 funding rounds to date. The company's 1st funding round was a Angel Round of $375.99K, raised on Jun 2015.
The primary company behind StitchWood, Tangramme Furnishing Solutions Private Limited, reported revenue of ₹1.59 Cr for FY 2017.
StitchWood provides a tech interface for creating virtual 3-D rendering of customized furniture. Has an in-house team of furniture experts and interior designers for providing customizable designs to begin with. Ties up with vendors for getting furniture made, with a strong quality control aspect. Soon to launch offline expert assistance for selecting design, targeted at above 40 age group. Guarantees three-week delivery. Tied up with 5 vendors as of April 2015. Has tied up with more than 200 micro, small medium enterprises (MSMEs) to manufacture the furniture (July 2016).
StitchWood's top competitors include Yagotimber, Madeforme and Interio Bliss.
StitchWood has 46 investors. Key investors include Kedar Gajanan, Rakesh Mehrotra, Susmit Patodia, Dattatraya Wavhal, and Nilima Arun Kottewar.
The valuation of StitchWood is $3.53M as of Jul 2016.
StitchWood operates through Tangramme Furnishing Solutions Private Limited.
The legal entities of StitchWood currently have 2 directors, including Neelima Chandrashekhar Shegaonkar, Ajit Shegaonkar.