About WoodenStreet
WoodenStreet is a company based in Jaipur (India) founded in 2015 by Vikas Baheti, Lokendra Ranawat, Virendra Singh Ranawat, and Dinesh Pratap Singh Rathore.. WoodenStreet has raised $77 million across 4 funding rounds from investors including WestBridge Capital, Primarc and Indian Angel Network Fund. The company has 315 employees as of November 19, 2024. WoodenStreet operates in a competitive market with competitors including 10Club, Nestasia, Frido, Ellementry and Pelican Essentials, among others.
- Headquarter Jaipur, India
- Employees 315 as on 19 Nov, 2024
- Founders Vikas Baheti, Lokendra Ranawat, Virendra Singh Ranawat, Dinesh Pratap Singh Rathore
- Stage Minicorn
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Sectors
Consumer
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name The Woodenstreet Furnitures Private Limited
- Date of Incorporation 31 Jul, 2015
- Jurisdiction Jaipur, Rajasthan, India
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Annual Revenue
$23.78 M (USD)50.21as on Mar 31, 2023
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Net Profit
$119.24 K (USD)-19.4as on Mar 31, 2023
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EBITDA
$421.25 K (USD)-21.66as on Mar 31, 2023
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Total Equity Funding
$77 M (USD)
in 4 rounds
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Latest Funding Round
$43 M (USD), Series C
Dec 07, 2024
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Investors
WestBridge Capital
& 17 more
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Employee Count
315
as on Nov 19, 2024
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Funding Insights of WoodenStreet
WoodenStreet has successfully raised a total of $77M across 4 strategic funding rounds. The most recent funding activity was a Series C round of $43 million completed in December 2024. 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 Total Funding
- Total Rounds 4
- Last Round Series C — $43.0M
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First Round
First Round
(16 Jun 2018)
- Investors Count 18
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2024 | Amount | Series C - WoodenStreet | Valuation | Premji Invest |
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| Apr, 2022 | Amount | Series B - WoodenStreet | Valuation | WestBridge Capital | |
| Jun, 2020 | Amount | Series A - WoodenStreet | Valuation | Indian Angel Network Fund |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 WoodenStreet
WoodenStreet has secured backing from 18 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include WestBridge Capital, Primarc and Indian Angel Network Fund. 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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Provides venture capital for technology startups and enterprise innovations worldwide.
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Founded Year | Domain | Location | |
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Investment firm focusing on purpose-driven capital for Indian entrepreneurs in sectors like financial services and technology.
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Founded Year | Domain | Location | |
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Early-stage investments are targeted by Konark Trust venture capital firm.
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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 WoodenStreet
| 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 - WoodenStreet
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 |
Woodenstreet Comparisons
Competitors of WoodenStreet
WoodenStreet 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 10Club, Nestasia, Frido, Ellementry and Pelican Essentials, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multi-category home products are offered through an internet-first platform.
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| domain | founded_year | HQ Location |
Internet-first brand of multi-category home improvement products
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| domain | founded_year | HQ Location |
Ergonomic products for pain relief and posture support are provided.
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| domain | founded_year | HQ Location |
Handmade home improvement products are sold online through Ellementry.
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| domain | founded_year | HQ Location |
Internet first brand offering furniture products
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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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Latest news on Woodenstreet
Frequently Asked Questions about WoodenStreet
When was WoodenStreet founded?
WoodenStreet was founded in 2015 and raised its 1st funding round 3 years after it was founded.
Where is WoodenStreet located?
WoodenStreet is headquartered in Jaipur, India. It is registered at Jaipur, Rajasthan, India.
Who is the current CEO of WoodenStreet?
Lokendra Ranawat is the current CEO of WoodenStreet. They have also founded this company.
Is WoodenStreet a funded company?
WoodenStreet is a funded company, having raised a total of $77M across 4 funding rounds to date. The company's 1st funding round was a Series A of $3M, raised on Jun 16, 2018.
How many employees does WoodenStreet have?
As of Nov 19, 2024, the latest employee count at WoodenStreet is 315.
What is the annual revenue of WoodenStreet?
Annual revenue of WoodenStreet is $23.78M as on Mar 31, 2023.
What does WoodenStreet do?
WoodenStreet was founded in 2015 in Jaipur, India, as an internet-first brand in the furniture sector. Customized furniture for living rooms, bedrooms, studies, storage, outdoor areas, dining spaces, and home decor is provided through its platform. The catalog includes wardrobes, dressing tables, mattresses, lighting, lamps, and related items. A mobile application is available on iOS and Android platforms.
Who are the top competitors of WoodenStreet?
Who are WoodenStreet's investors?
WoodenStreet has 18 investors. Key investors include WestBridge Capital, Primarc, Indian Angel Network Fund, BDG, and Premji Invest.
What is WoodenStreet's valuation?
The valuation of WoodenStreet is $151.53M as of Apr 2022.