Transteel, a direct-to-consumer office furniture brand aimed at SMEs and middle-market organisations, has raised Rs 4 crore in expansion capital from investors, including Klub, a revenue-based financing firm.
Transteel, which debuted in May 2020, provides superior office furniture for startups, small businesses, and medium-sized businesses. With pan-India shipping, the firm is directly engaging with customers, which has helped them reach 40,000 online purchases since May 2020.
Speaking about the funding, 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.”
Anurakt Jain, Co-founder and CEO, Klub said “What sets Transteel apart from other players, is their specialisation in manufacturing office and home furniture offering a delightful mix of design, value for money, and most importantly ergonomics. Their digital-first approach to make furniture solutions accessible to a large set of customers disrupts the traditional retail model,”