Abhik, Anushka, and Varun have an excellent idea for changing how home decor shops find products. With over 40 years among them working at big companies like Amazon and Wayfair, they launched Trampoline last December. Their goal is to make stylish home stuff affordable for small stores everywhere.
It’s incredible how much they’ve achieved in just a few months! Trampoline announced today that it has raised $5 million from Matrix Partners and WaterBridge Ventures.
Alteria Capital also chipped in extra money. This shows investors believe Trampoline’s potential to shake up the worldwide home goods supply chain. They can help little businesses with tech solutions.
A Full-Service Way to Source Decor
Trampoline offers a full service to connect makers and sellers directly to stores. Before, lots of middle people were involved.
Small stores can look at chosen collections online without very high minimum orders or long waits. Trampoline wants to make it fair for small and big stores. They offer low or no minimum orders and flexible payments.
The founders know the industry well and use data to pick popular styles for different areas. Products come from Trampoline’s growing group of checked makers in India and Southeast Asia.
Substantial Early Success Piques Investor Interest
Since launching in the UK this February, Trampoline says demand has been through the roof. In just a few months, over 1,500 units were ordered – a great sign that stores value their mission.
This early traction indeed swayed top investors like Matrix Partners and WaterBridge Ventures.
Partner Anjali Sosale said Trampoline “busts barriers like complicated supply chains, murky pricing and lack of quality checks.”
They empower stores to diversify suppliers and access exclusive catalogs.
How Funds Will Fuel Continued Growth
With $5 million in the bank, Trampoline aims to strengthen essential parts of its business model. They’ll shore up supply chains and source from Indian and Southeast Asian makers, which will allow them to expand the catalog of pro-designed home goods.
Money will also go toward product development to keep collections hot and hip. Keeping styles fresh motivates stores to return. Technology upgrades will streamline the ordering process for customers and suppliers.
Growing their initial team is crucial as Trampoline looks to more significant markets abroad. The UK was a proof of concept, so more marketing and sales staff can assist with planned entry to the US and Germany next year. With gifted leadership and a cash injection, Trampoline is primed for more success in the $40 billion global home industry.
Trampoline To Scale And Expand Product Portfolio
The funds will be utilized to:
Strengthen supply chain: Trampoline will strengthen relationships with existing manufacturers in India and Southeast Asia. This will help increase production capacity and ensure a reliable supply of high-quality products.
Onboard new suppliers: The funds will expand Trampoline’s supplier base by adding more vetted manufacturers to the network. This will help increase product variety and keep up with changing design trends.
Develop private label brands: Trampoline plans to launch its private label home brands. This will give retailers exclusive access to innovative product lines designed for them.
Bolster design capabilities: Hiring additional designers and forming global design partnerships will empower Trampoline to prototype new product concepts quickly. This leads to a fresher and more localized catalogue over time.
Elevate omnichannel experience: Trampoline will enhance its mobile and desktop platforms through new features like 3D product visualization and AI-powered design recommendations.
Positive Industry Shifts Benefit Trampoline
Good changes help brands like Trampoline. As making moves from China due to costs and quality issues, India has become a good option. This is because of its design history and skilled workers. India shipped over $10 billion of home decor goods just last year.
At home, people predict India’s home decor market will hit $40.98 billion by 2028. It will grow by 4.14% each year. Also, online home goods in India may go over $5.4 billion by 2025. This is because more people shop online. Helped by India’s making skills and e-commerce, Trampoline can use the vast $800 billion global home market.
In Closing
Trampoline has had early wins fixing significant issues with shipping home decor overseas. The founders started Trampoline using their experience working in stores and buying products. Their solution helps small stores with critical problems.
Trampoline has been popular since its launch. Many furniture shops have already ordered from them. Big investors also like their plans for the future. This is why Trampoline can now help furniture shops all over.
As Trampoline grows its network in India and technology, creative stores will have excellent access to exclusive styles. The prices will be very fair, too. They are making more in India because it has skilled workers and a design history. Their tech tools will also make ordering easy.
Significant changes now help the Trampoline, too. More people shop online than before. This online boom and India’s manufacturing give Trampoline a big chance. They can change the outdated supply system. Trampoline wants to be a top partner, offering goods to small stores globally. Their solutions and trends give them a perfect chance to succeed.
