“The e-commerce industry for the last few years witnessed a number of online players in the furniture and home decor space and as a part of core strategy we have extended LMD services to 400 cities across the country,” founder and Chief Operating Officer Ashish Shah told reporters at Sevasi village near Vadodara.
He was the chief guest at the annual general meeting of Federation of Gujarat Industries.
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"Online purchase of furniture is growing exponentially in India and is expected to leapfrog the offline market in the years to come," he added.
It is estimated that Indian consumers buy purchase around USD 500 million worth of furniture and home improvement products online, in an overall USD 30 billion market, which is largely unorganised in nature.
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