Capricoast.com Launches India’s First Home Automation Solutions Marketplace – News18
Capricoast.com, India’s first and only online marketplace for Home Solutions with a hybrid Online-to-Offline (O2O) model, launches Home Automation as its 2nd business vertical.
Launched in 2015, CapriCoast initially focused on serving the 30,000 crore fitted furniture vertical. As per the company, with a healthy 40-50 percent month-on-month growth rate, this business segment has a 1000+ customer base across all six Indian metros (Bangalore, Mumbai, Pune, NCR, Chennai and Hyderabad).
CapriCoast is now entering the Home Automation market with a deep understanding of new home buyers’ needs.
Equipped with a team of solution experts, CapriCoast aims to deliver complete solutions with specialised on-site installation and configuration.
Home Automation is a nascent category offering an opportunity with exploding demand in the face of an almost non-existent B2C supply. Pegged at 8,000 crore, the Home Automation Solutions market in India is witnessing a 50 percent growth year-on-year.
The CapriCoast-Silvan partnership will focus on selling directly to consumers, providing ‘Retrofit’ solutions that can be deployed into both existing and move-in ready new homes as well as ‘Designed-in’ solutions for under-construction homes.