icustommadeit.com raises USD 250,000 in second round of investment, reflecting investor confidence
Mumbai, June 11th, 2015 – icustommadeit.com, a Pune based start-up company that facilitates
creation and retail of customized merchandise, has raised USD 250,000 in its second round of
funding. The investment was led by Virendra Shahney, a well known directer, producer and screen
writer in the television industry and eminent Cardiologist Dr Paresh Doshi. The company plans to use
the investment received to bring about an improved technology for a better user interface and have
an international presence in next six months. With the current round of funding, icustommadeit.com
has now raised a total of USD 400,000.
Founded in May 2013 by Raj Iyer and Kundan Dhake, icustommadeit.com is an online marketplace to
connect individuals looking for unique bespoke creations with talented curated professional creators
from all over the world. The startup provides a forum to bridge the gap between manufacturers
/creators and shopaholics who love everything custom made. The company went live in April 2015.
"Having people like Virender Shahaney and Dr. Paresh Doshi investing in our company is a great
privilege and gives us tremendous encouragement. They share our sentiment which is all about
creativity.” says Raj Iyer, CMD & Founder, icustommadeit.com. “We are glad to have investors who
share our belief, most importantly, believe in our dream. We look forward to a fulfilling relationship
as we prepare to scale up in the coming months." he adds.
icustommadeit.com has over 8,000+ items on the site, across 33 odd categories which present the
consumers with a wide range of products they can choose to customize or purchase them as they
are. The company has around 900 unique creators on board.
Commenting on the investment, Mr. Virendra Shahaney said "We are in the age of start-ups who
are pushing the envelope and experimenting with newer ideas. Our country needs this fresh wave of
thought. What struck for me with regards to icustommadeit.com is the concept. I thinks it's a
fantastic idea! And it is only a matter of time. Watch out for another big giant in the making. I wish
them all the best."Mr. Shahaney has written, directed and produced many top rated TV shows like
Bidaai, Uttaran, CID, Adaalat, etc.
"The internet has given a new edge to entrepreneurship. It is good to see people leaving their
comfort zone and experimenting with new ideas. Both the founder and the team are so kicked about
the whole venture; the energy is simply infectious I see a great potential for this in the Indian market
especially with the current boom in e-commerce sector." adds Dr. Paresh Doshi, one of the co-
investors.
icustommadeit.com had earlier raised $150,000 from Ms. Salma Chugh the MD of Vertex Group
which is in to exports of home furnishings and also real estate management and infrastructure with
a turnover of more than 500 crore.
creation and retail of customized merchandise, has raised USD 250,000 in its second round of
funding. The investment was led by Virendra Shahney, a well known directer, producer and screen
writer in the television industry and eminent Cardiologist Dr Paresh Doshi. The company plans to use
the investment received to bring about an improved technology for a better user interface and have
an international presence in next six months. With the current round of funding, icustommadeit.com
has now raised a total of USD 400,000.
Founded in May 2013 by Raj Iyer and Kundan Dhake, icustommadeit.com is an online marketplace to
connect individuals looking for unique bespoke creations with talented curated professional creators
from all over the world. The startup provides a forum to bridge the gap between manufacturers
/creators and shopaholics who love everything custom made. The company went live in April 2015.
"Having people like Virender Shahaney and Dr. Paresh Doshi investing in our company is a great
privilege and gives us tremendous encouragement. They share our sentiment which is all about
creativity.” says Raj Iyer, CMD & Founder, icustommadeit.com. “We are glad to have investors who
share our belief, most importantly, believe in our dream. We look forward to a fulfilling relationship
as we prepare to scale up in the coming months." he adds.
icustommadeit.com has over 8,000+ items on the site, across 33 odd categories which present the
consumers with a wide range of products they can choose to customize or purchase them as they
are. The company has around 900 unique creators on board.
Commenting on the investment, Mr. Virendra Shahaney said "We are in the age of start-ups who
are pushing the envelope and experimenting with newer ideas. Our country needs this fresh wave of
thought. What struck for me with regards to icustommadeit.com is the concept. I thinks it's a
fantastic idea! And it is only a matter of time. Watch out for another big giant in the making. I wish
them all the best."Mr. Shahaney has written, directed and produced many top rated TV shows like
Bidaai, Uttaran, CID, Adaalat, etc.
"The internet has given a new edge to entrepreneurship. It is good to see people leaving their
comfort zone and experimenting with new ideas. Both the founder and the team are so kicked about
the whole venture; the energy is simply infectious I see a great potential for this in the Indian market
especially with the current boom in e-commerce sector." adds Dr. Paresh Doshi, one of the co-
investors.
icustommadeit.com had earlier raised $150,000 from Ms. Salma Chugh the MD of Vertex Group
which is in to exports of home furnishings and also real estate management and infrastructure with
a turnover of more than 500 crore.
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