Trampoline funding news – B2B Home Décor Brand Trampoline Secures $5 Million in Seed Funding
Jun 24, 2024 | By Team SR
UK-based Trampoline, a cross-border B2B home décor brand Secures $5 million in seed funding. The India-UK business is digitising independent merchants' access to design-led home décor, which accounts for more than 70% of the $800 billion global home and living sector.
SUMMARY
- UK-based Trampoline, a cross-border B2B home décor brand Secures $5 million in seed funding.
- Brands have easy access to high-end, design-driven home décor through Trampoline, a new global B2B platform.
From design to delivery, it promises a full stack experience. It offers the same toolkit that big box retailers presently have access to, with features like highly tailored curation, accretive payment arrangements, and no or low MOQs (minimum order quantities).
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Taking advantage of the industry-wide "China+1" phenomenon and the growing trend of consumers favouring handcrafted, design-driven items, Trampoline aims to establish extensive supply chains spanning manufacturing hubs in Southeast Asia and India.
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Abhik Ghosh, co-founder and CEO said: “Most of the magic happens at the factory shop floor and the point-of-sale. But the industry and value chain has remained archaic. Trampoline’s tech play aims to provide independent retailers the data and personalisation to efficiently curate for their stores, while equally deploying tech-enabled QC/QA and supply chain solutions for our manufacturer partners. In the process, truly helping both sides to Trampoline-up to consumer demand.”
The fundraising was spearheaded by Matrix Partners India and WaterBridge Ventures, with Alteria Capital contributing $2 million in venture debt.
The money will help it to build the early team, advance the development of new products, and strengthen its supply chain and sourcing skills.
About Trampoline
Brands have easy access to high-end, design-driven home décor through Trampoline, a new global B2B platform. They provide a full-stack experience for their clients by owning every crucial role in the value chain, including curation, design, sourcing, consolidation, quality control, and transportation. Their goal is to empower SMEs and enhance inventory management and sourcing for companies of all sizes.