![[Funding Alert] Transteel Raises Rs 4 crore Growth Capital Through Klub image](https://franchiseindia.s3.ap-south-1.amazonaws.com/uploads/content/fi/art/61690dd9abe54.jpeg)
Transteel, one of India's leading D2C brands for office furniture targeted at SMEs and middle-market companies, has received growth capital of Rs 4 crore from marquee investors including India’s leading revenue-based financing player, Klub.
Transteel offers purposeful, premium office furniture built for start-ups, small and medium-sized business owners. Transteel launched its D2C vertical in May 2020 as its pivot in response to Covid and makes furnishing office spaces easy and affordable for start-ups and small and medium businesses owners.
With pan India delivery, the company has shown remarkable growth during the pandemic. Their approach of engaging directly with the consumers and the SME/ MSME vertical has helped them achieve remarkable numbers of 40,000 online orders since May 2020.
Shiraz Ibrahim, Managing Director, Transteel said, “It gives us great confidence that our investors are in line with our vision of promoting the Consumer / MSME / SME verticals of Transteel. This funding will definitely help us in developing our business and will boost our mission of providing affordable furniture directly to the end consumer that is delivered and installed in as little as a week, with a 'buy now, work now' approach to suit the fast-paced nature of start-up and small business culture”
Transparent pricing and automatically applied volume discounts are a few among the other benefits that Transteel offers to its customers to easily purchase furniture online and let Transteel take care of delivery, assembly, and after-sales support. The company further aims to utilize the amount in improving customer service, logistics, manufacturing, and customer acquisition.
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