Nigeria's online furniture e-commerce site, Taeillo, has raised $2.5 million in a new funding round led by Aruwa Capital, a Nigerian early-stage growth equity and gender-lens fund.
According to the Lagos-based firm, the funding will aid in its expansion plans across the West African country.
The startup has provided a unique solution that provides innovation around the concerns of time, quality, and price of furniture for homes and offices.
According to a statement by Taeillo, its services is an alternative for clients who must wait a long time between three and six months before receiving their furniture and incur significant expenditures while importing furniture due to fluctuating currency rates.
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The statement said, “… we offer consumers aesthetically stunning furniture pieces at a portion of the importation price and with a 50% reduction in delivery time to around 4–8 weeks."
Taeillo was founded by Jumoke Dada in 2018. It creates furniture items, such as sofas and beds, chairs, and tables, and sells them to both private consumers and companies.
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