Serial entrepreneur Madhukar Gangadi raises Rs 16 cr for new venture
Investors include Dr Reddy's chairman Satish Reddy, Peepul Capital founder Srini Raju
Serial entrepreneur Madhukar Gangadi, founder of drug retailing and health services company MedPlus Health Services, has raised Rs 16 crore for his new venture -- Customfurnish.com.
The investors in the custom-made furniture e-tailer include 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.
Customfurnish.com, which currently operates its own manufacturing unit and delivery centre in Hyderabad, intends to launch its services across Bengaluru and Chennai early next month.