New Delhi [India], February 1 (ANI): To help India's startups amid the COVID-19 pandemic, tax holidays for these businesses have been extended by one year till March 31, 2022, said Finance Minister Nirmala Sitharaman while presenting the Union Budget 2021-22 on Monday.
Custom furniture platform WoodenStreet to invest $2 million for expansion
WoodenStreet currently has around 30 brick-and-mortar stores and plans to take the number to over 50 through the latest investment round
WoodenStreet store.
Custom furniture startup WoodenStreet is all set to expand its reach by opening over 20 new stores with an investment of approximately $2 million this year.
The furniture brand s expansion will raise the store count to over 50. The firm is looking at both franchisee and company-operated brick-and-mortar formats. The very reason behind the expansion of our multiple stores throughout the country is to create a better connection with customers. We want people to not only just visualize, but also feel the quality of furniture that we offer. Henceforth, our aim is to offer our customers a life-changing experience by rendering the exquisite collection of handpicked products, WoodenStreet CEO Lokendra Ranawat said.
Furniture brand WoodenStreet aims to open 20+ stores within 1 year Jan, 27 2021
Furniture brand WoodenStreet aims to open 20+ stores within 1 year
For an expansion drive, the company will target the areas of both, franchisees and company operated brick & mortars in the upcoming months.