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.
Mumbai-based Elixia Tech Solutions is an ISO 9001: 2010 certified company that aims to use high-end technology for providing comprehensive software solutions for transportation, logistics, and supply chain management across industries

Read more ...

The Coastal Road Project in Mumbai by Brihanmumbai Municipal Corporation (BMC) required 3.45 km twin undersea tunnels to be constructed, starting from Priyadarshini Park and ending at Girgaum Chowpatty. BMC awarded the construction of this Coastal Road

Read more ...

Rating agency ICRA has maintained a stable outlook for the Indian Road logistics sector. Accelerated pace of business activities and lower lockdown-linked restrictions from H2 FY2022 aided faster recovery in revenues for FY2022. The growth momentum

Read more ...

A recent report of ICRA states that the Indian logistics sector is projected to record a growth of 7-9% in the current fiscal; however, the industry players' margins are likely to remain sensitive to risks like the rise in oil and commodity

Read more ...

Ashok Goyal, MD, BLR Logistiks, discusses the Indian logistics industry’s progress from a manual to an automated industry due to the increasing use of technology to drive efficiencies, reduce delays and accidents by eliminating

Read more ...

With over 35 years of experience, Tara Chand Logistic Solutions is today positioned amongst the leading infrastructure development service providers in India. Himanshu Aggarwal, Director, Tara Chand Logistic Solutions, discusses the company’s

Read more ...

Deepak Vig, COO, Barkat Cranes and Equipments, shares his views on what’s driving demand and competitiveness in the market for cranes, and gives information on his company’s capabilities in executing mega infra projects with their wide fleet

Read more ...

Kunal Gala, Director, shares his views on the growing influence of Chinese OEMs in the Indian market, and expresses the need for standardization and IoT to bring more transparency and efficiency in equipment management

Read more ...

Akshat Gala, Cheif Marketing Officer, Metro Groups, discusses the growing demand across industries for lifting heavier cargo, and the company’s aim to become a one-stop solution provider for all logistic requirements

Read more ...

Anshul Singhal, Managing Director, Welspun One Logistics Park, shares his views on the growing warehousing industry where technology is bringing greater efficiencies, and hails the Government’s Gati Shakti and the National Logistics

Read more ...

Sanket Sheth, Founder & Managing Director, ElixiaTech, is deploying technology to help reduce wastage of fuel, manpower, paper, time, and money, and in managing everything in the logistics sector - from fleet to material

Read more ...

Gaurav Bhushan, Founder, explains how EQUIP9™ - the first global start-up in the heavy equipment and material handling industry - will connect every entity in this industry by end-2023 and thereby simplify the complex construction business

Read more ...

Aditya Kale, Founder & CEO, Airattix, aims to bring together storage spaces across India and make them visible and accessible using a single portal. How are storage spaces across various industries and regions being utilized

Read more ...

Oomkar Kulkarnie, Head – Product and Technology, 1Pay, explains the concept of FASTag for making fuel and parking payments and regulating them pan India along with seamless dispute resolution features, and the 1Pay neo-banking platform

Read more ...

Hall Trucking Inc. is a Heavy Haul Trucking & Crane Service company located in Evansville, Wyoming. The company was one of the first to purchase Goldhofer’s new Highway Trailer P12 Plus in 2021. Available with one or two intermediate bogies

Read more ...

PT LV Logistics has set a new domestic record for the Indonesian heavy haul industry with the delivery of RFCC plant components to the Balikpapan refinery in East Kalimantan. The main actors included three Goldhofer PST/SL

Read more ...

After months of precision planning and engineering, Jumbo Shipping, now part of Jumbo-SAL-Alliance, has carried out the tailor-made transportation of offshore platform modules including living quarters module, helideck, and flare boom for client Kiewit Offshore Services

Read more ...

Lift and Shift India, a leading heavy-lift hauler and project logistics company, operating over 7 decades, continues its record-breaking streak in 2021, despite the Covid-19 restrictions. The company transported 3 LC Max Reactors

Read more ...

SCHEUERLE’s low-bed semi-trailers come with larger and new 285/70 R19.5 tyres that facilitate higher axle loads such as those requested by customers in Great Britain and all Scandinavian countries. The previous axle load using

Read more ...

Volvo Trucks India, a division of VE Commercial Vehicles (VECV), has launched 6 new trucks from the FM & FMX heavy-duty range. They come loaded with features to boost productivity, improve safety, and enhance driver comfort

Read more ...

×
Sign-up for Free Subscription
'India Construction Week'
Weekly e-Newsletter on Construction Industry
Get the latest news, product launches, projects announced / awarded, government policies, investments, and expert views.