Custom furniture etailer CustomFurnish.com raises Rs 30 crore

Had raised Rs 16 crore from a cluster of investors including Dr Reddy's Laboratories' chairman Satish Reddy in March

CustomFurnish.com, a Hyderabad based vertically-integrated furniture e-tailer, has raised Rs 30 crore in a fresh round of funding from Bengaluru-based family office Agnus Capital.

This is the second round of funding raised by CustomFurnish promoted by serial entrepreneur Madhukar Gangadi, founder of drug retailing and health services company MedPlus Health Services.

Launched in early 2015, the furniture e-tailer had in March raised Rs 16 crore from a cluster of investors including Dr Reddy's Laboratories' chairman Satish Reddy, Peepul Capital founder Srini Raju, Srini Koppolu, former managing director of Microsoft India Development Centre, and chairman of Seth Software.

"We plan to use the second round of fund-raising for upgrading the technology base and strengthening our logistics to reach a wider customer base across the country," Madhukar Gangadi, founder and chief executive officer of CustomFurnish.com, said in a release on Monday.

CustomFurnish.com currently offers its services in Hyderabad and Bengaluru. The company is planning to expand its presence to the other four metros, the company said.