InnoDesigns, a new online furniture marketplace, has raised funding of Rs 75 crore from the PAN Group. The funding will be used for market growth, technology development, and hiring.
The business model of InnoDesign will be to create a platform where customers can choose any of the furniture designs and get it built by the listed carpenters and small and medium scale manufacturers located in that particular city.
The manufacturing partners including the carpenters will be selected based on their experience and skill as the startup promises flexibility as well as affordability for its customers.
