+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

CasaOne raises $16 mn led by Accel

Nov 22, 2019, 18:50 IST
PTI
New Delhi, Nov 22 () CasaOne, a furniture rental company, on Friday said it has raised USD 16 million (about Rs 114 crore) in funding led by Accel.

The series B round also saw participation from existing investors JLL Spark, Freestyle Capital, NextWorld Capital and Array Ventures, a statement said.

Advertisement

New investors include Quiet Capital, HNI and WeWork and a few prominent angel investors including Lydia Jett from Softbank's Vision Fund, it added.

"This round of financing will help CasaOne expand to new geographies, further invest in hiring technology and engineering talent and expand into adjacent product categories," it said.

CasaOne launched its furniture rental solution in 2017. With increased demand from businesses, BureauOne was launched in May 2019 to cater to fast-growing companies, mid-market firms and enterprises to convert their FF&E (furniture, fixtures and equipment) into a utility.

CasaOne operates out of six markets - Chicago, New York, Los Angeles, Seattle, the San Francisco Bay Area and Washington, D.C.

Advertisement

"At CasaOne and BureauOne, we are building technology for real-time inventory, supply chain and large format logistics for the old school furniture and logistics industries," Shashank P S, founder and CEO of CasaOne, said.

With the new raise, the company plans to further double down on engineering and market expansion, he added. SR SHW SHW

(This story has not been edited by www.businessinsider.in and is auto–generated from a syndicated feed we subscribe to.)
You are subscribed to notifications!
Looks like you've blocked notifications!
Next Article