Have you ever ordered furniture online? Yes, the ecommerce industry today is not restricted to just apparel, beauty, electronics, and home products. Today, the furniture industry in India has maintained pace with the rest of the industries by stepping into ecommerce and growing steadily. Revenue in this industry is expected to grow at a rate (CAGR 2020-2024) of 11.2% annually, resulting in a projected market volume of US$2,005m by 2024.
Furnishing and homeware ecommerce includes sales of home furnishings, office cabinetry, home décor products, lighting, mattresses, etc.
Here, we have compiled a list of the top 5 furniture multi vendor marketplaces in India
1. Urban Ladder
Started in 2012, Urban Ladder is one of the top players in the furnishings and fixtures market of India. The company started as an e-commerce marketplace and has now started its offline stores and brick-and-mortar spaces in major cities like Delhi-NCR, Bangalore, Pune, and Chennai. It offers a curated collection of living room, bedroom, dining room, kitchen, and study room furniture. Recently, it has also ventured into the mattress space offering a wide collection for all audiences.
A widely loved option for home decor, furnishing, lighting, and mattresses, Pepperfry gained popularity amongst its audience very soon after its launch in 2011. Started by two friends who shared a common yet sleek vision for beautiful homes, the company already boasts of more than 6 million happy customers. It also started its home services some time back, where it offers disinfection, pest control, and home cleaning services to its consumer base in metro cities.
Targeting the audience looking for luxury furniture, lighting, art and home decor, the launch of Furniturewalla dates back to the year 1999. With the mantra of "luxury within reach", it offers retailing from 4 signature stores in Mumbai, Delhi, Bangalore & Hyderabad in addition to its online store. With a finely curated range of furnishings and fitments for the living room, dining room, bedroom, kitchen and exquisite lighting collection, the company boasts of offering modern elegance, contemporary vintage, and aesthetic luxe with its products.
4. Wooden Street
With the motto of quality and innovation, Wooden Street offers a unique and elegant range of wooden equipment for the living room, bedroom, kitchen, kids room, and study room. It also has its signature range of mattresses with the brand name Penguin. But what really distinguishes it from its competitors is the option to customize home furnishings according to the customers’ choice, which is a feature that has been in demand for quite some time, but was never offered by any online retailer.
5. Home Centre
Launched in 1995 in Sharjah, UAE, today, Home Centre has more than 100 stores across the world serving millions of customers. In India, it is popular as a go-to destination for buying furniture, home furnishings and accessories, modular equipment, bed and bath products, kitchenware, etc. In a few years of its operations in India, Home Centre’s has earned a place among the leading players in the furniture ecommerce industry in India.
With the popularity of these online home furnishing marketplaces, more and more users have started shopping for these products online. This has opened up a lot of opportunities for furniture businesses to step into ecommerce. If you are planning to do the same and are looking for the best marketplace builder for your business, StoreHippo is the answer for you.
Let’s take a look at a few features that make it an excellent choice for ecommerce:
StoreHippo offers a feature-rich multi-vendor ecommerce platform for building marketplaces, and it makes sure that the platform is easy to use.
Here, almost everything is automated, which not only reduces the chances of human errors, but also makes every process super-fast. Whether it is onboarding the vendors or calculating your commission, this multi vendor marketplace supports it all. Each vendor gets their own dashboard to carry out everyday operations as well as get an overview of their daily, monthly, or annual business.
The tax setting gives the vendors the freedom to choose different taxes to be applied. While the vendors have these advantages and more, at the same time, the admin gets complete control over vendor activity. Moreover, the admin can set up commission rules, whether it is a fixed amount or percentage-based. Further, with the adaptive payments feature, the commission for different vendors is calculated and split as per the decided rules.
This feature makes StoreHippo one of the best marketplace builders in India. How so? Well, let’s understand this with an example. A family that is renovating their house would be interested in double beds, dining table set, etc. but a bachelor living in a rented apartment would not be interested in the same. Therefore, there would be no point in displaying these items to him. However, he might be looking for a bean bag, a work desk, or single bed sheets. It would be more suitable to advertise those items to him.
The multi-store feature at StoreHippo lets you open multiple sub-stores within the same marketplace and target different audiences by displaying different products as per their interests and requirements. You can open category-based, geolocation-based or any other substores.
3. Admin Dashboard
As the owner of a multi vendor marketplace, there are a lot of business aspects to take care of. The admin panel is a tool that can help the admin of the store get an overview of everyday business and keep an eye on the store’s performance. By using the admin dashboard, you can keep a note of the sales, revenue, vendor performance, best-selling products, etc. The admin can further assess which products or vendors are not performing as per the expectations. All these insights would help the admin in making future decisions regarding the business.
4. Order and shipping management
This is the core function for any ecommerce business. The best marketplace builders are characterized by how easy they make it for the vendors to manage orders and shipping. StoreHippo allows the store owner and vendors to view details of open, cancelled, and closed orders. It further allows them to generate and print invoice, ship order, marked shipped order, cancel order, etc.
Integrations make life easier for ecommerce business owners, whether it is managing the shipping of the products or communicating with their customers. StoreHippo comes with a big number of integrations for the following functions:
Shipping is a crucial process for any ecommerce business whether you have a multi vendor marketplace or work independently. StoreHippo comes integrated with a number of leading logistics providers in India to help you with your shipping requirements.
Since the business is based online, the payment needs to be done online too, right? And you certainly don’t want the payments to get stuck or to lose customers because of poor payment options. This is why it is important to choose an ecommerce platform that supports different domestic and international payment gateways across the globe. StoreHippo is the best marketplace builder as it is integrated with a big number of payment gateways such as MobiKwik, Instamojo, HDFC Bank, Amazon Payments, etc.
SMS & Email
Communication with the customers is important. They need to be notified when they place an order or when you want them to review the products they ordered. You may even want to inform them about an upcoming sale. At StoreHippo, we understand this. This is why we support integrations with a number of SMS and email services such as MailChimp, mVaayoo, BulkSMS, etc.
StoreHippo is the best marketplace builder which has a SaaS-based model. It builds scalable, customizable, and high-performance marketplaces for B2B and B2C businesses. Over the years, it has helped enterprises belonging to different industries in building multi vendor marketplaces and enterprise ecommerce websites and growing their businesses exponentially.
StoreHippo is the right solution for those who are planning to develop an ecommerce website for their furniture store. If you wish to experience the above-mentioned features and explore even more, start a free trial right here.