DIY Blinds has banked $15 million from the Australian Business Growth Fund to help the Melbourne-based online furnishing retailer turbocharge its growth across Australia.
to help the Melbourne-based online furnishing retailer turbocharge growth across Australia and expand its offering beyond home projects into commercial developments.
“We removed all the need for manual ordering and the pushy sales people and instead brought it all online,” Evan Montero, co-founder of DIY Blinds, said. “We’re playing catch-up a bit,” Liam Dobson, co-founder at DIY Blinds, said. “We were overwhelmed with demand during the first wave of COVID-19, and we’ve had people working hard day and night to fulfil the orders, but now we have the money for some breathing space.”
Throughout the lifecycle of DIY Blinds, the team has been approached several times by venture capitalists and private equity looking to invest, alongside acquisition proposals from international furniture retailers.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Linda Burney wants an Indigenous ASX 100 boss by 2030Campaigning for a First Nations Voice to federal parliament, the Indigenous Australians Minister has asked business leaders to do their part
Read more »
Non-bank lenders best placed to fund ‘natural capital’ projectsMajor banks and super funds won’t back projects where farmers lock up land for carbon farming despite the good returns, says Merricks Capital.
Read more »
Firstmac, Pepper defy UK forces to raise $2.5b via mortgage bond salesThe two non-bank lenders have priced new mortgage bond issues as UK pension funds continue to liquidate their holdings to raise cash.
Read more »
More builders will fail, RBA warnsBank exposure to construction business lending is low, but the close links between building companies make the risk of financial problem contagion greater.
Read more »
Banks and super funds to work on national affordable housing planThe investment sector including big banks will be key members of federal government roundtable to boost social and affordable housing across Australia. | By Shane Wright housing swrighteconomy
Read more »