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Kabuni Ltd eyes revenue growth from home furnishing marketplace

Published: 13:30 08 Sep 2016 AEST

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Kabuni Ltd (ASX:KBU) has set a target to grow its online interior designing marketplace business by bringing in a total of 5,000 designers and 200 makers by the end of FY2017.

The Kabuni platform allows interior designers collaborate directly with homeowners and earn income from the sale of custom-made home and interior designs.

The company’s marketplace has gained significant traction with over 1,500 registered designers and nearly 6,000 consumers, setting Kabuni up to move into the commercialisation phase.

E-commerce transactions from the Kabuni Marketplace are expected to serve as a primary source of revenue for Kabuni.

Kabuni's gross profit margin ranges from about 50% for most products from suppliers, to 20% in the case of high-value, hand-crafted maker products.

The company has also opened a community design studio, Kabuni House in Vancouver, Canada, where designers can connect in person with clients.

The Kabuni House is expected to provide an additional source of revenue, with a target of 500 paying members by the end of FY2017.

Based on industry sources, the home furnishings industry generates over US$100 billion in retail sales in the U.S. annually.

 

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