WoodenStreet to spend 5 million USD for expanding its Warehouse Capacity

Leading furniture e-commerce WoodenStreet is planning to expand its current warehouse capacity 5-fold to 50 lakh sq.ft across India in the next 2-3 years, for which it has planned an investment of around 5 million USD. The company will also be hiring 250-300 personnel from the logistics and supply-chain domain.

WoodenStreet had recently opened its largest national warehouse in Jodhpur (with an area of over 2.5 lakh sq,ft, it is equivalent to 5 football stadiums). Currently, it maintains over 20 warehouses & distribution centers with a total area of 10 lakh sqft across the country.

Lokendra Ranawat, CEO, WoodenStreet
“At the core of this planned expansion—which sits at 50 lakh sqft—we have set afoot a larger drive of broadening our business at the grassroots level,” says Lokendra Ranawat, CEO, WoodenStreet. “By augmenting our expansion to Make-in-India initiative, we plan to empower local artisans, enabling them to expand their trade horizons across the country and making it easier for them to do business.”

To keep up with the high volume of logistics, the company has upgraded its warehouses with the latest stacking technology and launched an in-house WMS App (Warehouse Management System) that ditches bar-code scanners, and instead uses extremely affordable and easily scalable QR-code technology, empowered through smartphones.

Founded in 2015, WoodenStreet is a one-stop-shop for affordable luxury furniture, home décor and furnishings, with a network covering more than 300 cities through 100+ delivery hubs and 25+ Experience Stores. Last year, the company had expanded its reach in West Bengal, Kerala, and the Delhi-NCR by opening new experience stores. This year’s brick-and-mortar expansion is aimed at reaching its 2019 target of 50+ experience stores, with a plan to reach 100+ stores across India in the next 36 months.
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