Founded by Ajit Shegaonkar and Vikas Nair, Tangramme Furnishing Solutions Pvt. Ltd., the company that runs custom-furniture website StitchWood.com, has raised $400k in an angel round from a group of investors including Powai Lake Ventures.
Recently the company had raised $100k in the seed round.
Commenting on the matter, here’s what Vikas Nair said- “No more tussles with the carpenter. No more fights over cost overruns and quality of raw materials. Design your furniture exactly the way you want to using the best raw materials.”
Similarly, Ajeet Khurana, one of the investors, stated- “One of the tests of a startup is how efficiently and effectively it spends investor’s money. I was glad to see the great job Ajit and Vikas did with their seed round. This made investing in their present round an easy decision.”
Stitchwood is an online customized furniture store that facilitates customization of furniture as per customer’s requirements. According to Stitchwood’s website, the company’s aim is to “allow customers to fashion beautiful, unique and personalized furniture that reflects their individual vision for their homes.”