Furniture Giant MebelKart acquires crowd bargaining platform 53central
Mebelkart, India largest Online Furniture Marketplace announced the acquisition of 53central.com, a crowd bargaining platform that enables group buying options for sports enthusiasts worldwide. 53central.com, was founded by Josy Mathew who will join Mebelkart as the Head of Business Development and lead its new business lines of bulk selling under Mebelkart.com.
Mebelkart, currently has the biggest offerings in furniture and are always on the lookout to provide better buying experiences for their customers. It has recently received a fresh round of investment from Askme.com, a Getit Infomedia company, and is looking to expand its service offerings to be able to evolve as an international player.
Commenting on the acquisition, Mr. Rahul Agarwal, Co- Founder and CEO of Mebelkart said, Group Buying is expected to become phenomenally large in case of the furniture and interior design industries. This acquisition will enable us to further strengthen our position in these sectors. We will be looking at more acquisitions and acquihires in the future to grow inorganically and expand our reach to global markets.
Added Mr. Agrawal, Josy has, over the past year, has launched and scaled up a great concept, with strong online and offline roots. We welcome Josy and his team into the Mebelkart family. We, at Mebelkart, are in a very interesting phase of our journey and are growing at an extremely fast pace. We are confident that the expertise and experience of the 53central.com team will enable us to expand and strengthen our foothold as the No. 1 Online Retailer in the Furniture industry.
In its efforts to encourage and promote aspiring entrepreneurs, Mebelkart along with Askme.com, recently started an Entrepreneur in Residence Program with the single defined objective of working with Entrepreneurs, giving them strategic knowledge, planning mentorship. Over the years, we are looking forward to being a family boasting of an entrepreneurial culture within the company.
Mebelkart.com is focused on providing its Customers a world class experience in Furniture retail. It was formed by industry professionals from IITs and BITS. The company aims to bring transparency into the system of Furniture selling through the use of technology. Mebelkart has become India No.1 Online Furniture and Dcor portal. The company provides a complete design solution to our customers. The company has 90000 products listed on the portal, 150000 satisfied customers, delivers in 20000 pin codes and has over 500 sellers selling on the platform.