Startup Terminal
  • News
    • Technology
    • Funding
    • Tie-up
    • Acquisition
    • Australia Startup News
    • Singapore Startup News
    • India Startup News
    • UAE Startup News
    • UK Startup News
    • US Startup News
    • Launch
    • Video
  • Interview
  • Feature
  • Events
  • Variety
    • Startup Terminal 40 Under 40
  • Privacy Policy
  • Refund and Cancellation policy
    • Terms and Conditions
  • Contact Us
No Result
View All Result
  • News
    • Technology
    • Funding
    • Tie-up
    • Acquisition
    • Australia Startup News
    • Singapore Startup News
    • India Startup News
    • UAE Startup News
    • UK Startup News
    • US Startup News
    • Launch
    • Video
  • Interview
  • Feature
  • Events
  • Variety
    • Startup Terminal 40 Under 40
  • Privacy Policy
  • Refund and Cancellation policy
    • Terms and Conditions
  • Contact Us
No Result
View All Result
Startup Terminal
No Result
View All Result
Home Interview

‘Our vision is to make home interior affordable and accessible to everyone’ – Shailesh Goswami, Founder & CEO of FOYR

StartUp Terminal Bureau by StartUp Terminal Bureau
August 8, 2021
in Interview
0
‘Our vision is to make home interior affordable and accessible to everyone’ – Shailesh Goswami, Founder & CEO of FOYR
159
SHARES
2k
VIEWS
Share on FacebookShare on Twitter

“The trend of increasing nuclearization of households is giving rise to increase in acquisition of new homes resulting in more demand. Considering the increase in demands of the middle class, we foresee a lot of opportunity for home interior solutions from metros as well as the mini metros in India.”- Shailesh Goswami, Founder & CEO of FOYR

Shailesh Goswami, Founder & CEO of FOYR

ST: When
did you decide to take the path of entrepreneurship?
Shailesh
Goswami:
Foyr’s journey started in
2014. Based on my background in the tech industry, my experience as a home
buyer and detailed observation of the interior domain space, I

noticed that getting home interiors done was a real challenge. The whole
process was cumbersome, lacked transparency, designs were presented over PPTs
& execution timelines were difficult to track. There was a huge gap of
technology consumption in the interior design industry.
Interior
continues to be a luxury which comes with high cost. We looked at it as a
potential business idea and decided to work for making the interior designing
process more accessible and affordable.




ST: Please
tell us about your venture.
Shailesh
Goswami:
Foyr is a technology
startup and one of the most innovative home décor company. Its patent pending
innovative 3d-technology makes interior design easy and simplifies execution of
our designs for our customers. Founded in 2014, the company is a one-stop solution
for customized interior design and end-to-end execution services. The company
was found with the idea to simplify and transform the home decor industry
through the use of innovative and path-breaking technology.
Foyr
has also started a new line of business where we collaborate with Real estate
firms and also lend our technology to them.
ST: What
opportunities do you see in this sector?
Shailesh
Goswami:
India has furniture
and furnishings market worth USD 26 billion, so there are ample opportunities
available.
According
to a recent report, Indian consumers are spending at higher-than-GDP-growth
rate levels in many other home categories including: Paints, Furniture, Kitchen
appliances and furnishings (e.g. chimneys), Bathroom fittings, Flooring and
floor coverings.  
The
trend of increasing nuclearization of households is giving rise to increase in
acquisition of new homes resulting in more demand. Considering
the increase in demands of the middle class, we foresee a lot of opportunity
for home interior solutions from metros as well as the mini metros in India.
ST: Did
you face any challenge in your entrepreneurship journey?
Shailesh
Goswami:
Yes, every venture
comes with its own challenges.
In
the initial stages, building a great team, raising funds to create a
first-of-its-kind 3D-visualization product, setting up operations were the main
challenges. We were fortunate enough to do all these.
Challenges
remain- high customer acquisition cost, deep discounting by competitors & managing
unit economics but we are learning and evolving each day. With our current
marketing mix, better sales and operations planning and increasing support from
our partners we are improving each day and are growing at a brisk pace
month-on-month.


ST: What
are your plans for next 2 years?
Shailesh
Goswami:
We hope to build on
our current momentum. Foyr is currently present and providing services in Pune
and Hyderabad. We plan to expand our services to other cities soon. Our vision for
the next 5 years is to make home interior affordable and accessible to everyone.

We
also want to further accelerate our technology story & aggressively take
our 3D-tech to market through customers in India and abroad. 

Interviewed by Startup Terminal Bureau
Tags: Interview
StartUp Terminal Bureau

StartUp Terminal Bureau

Startup Terminal is a global news portal reporting news and analysis on technology, start-ups, and business-related news from all over the world. We exclusively feature entrepreneurs, startups, businesses, and technology companies to reach out to a wider audience. Contact us at editorial@startupterminal.com

Related Posts

Aditya Arora
Interview

Young and brimming with talent: 25-year-old CEO Aditya Arora

June 29, 2022
C.R. Venkatesh, Founder of Minnal
Interview

Interview with C.R. Venkatesh, Founder of Minnal

July 27, 2022
Launching a startup Anuj Batra
Interview

Launching a startup is similar to making a plane take off and overcoming turbulence, says this biz guru

March 1, 2022
Next Post
On-demand delivery app Lalamove to expand to 100 cities with Series B Financing completed, USD 30 million raised

On-demand delivery app Lalamove to expand to 100 cities with Series B Financing completed, USD 30 million raised

iCliniq is an online doctor consultation platform that brings doctors and patients together in real time

iCliniq is an online doctor consultation platform that brings doctors and patients together in real time

Online discovery platform NowFloats closes USD 10mn Series B funding from Iron Pillar and IIFL

Online discovery platform NowFloats closes USD 10mn Series B funding from Iron Pillar and IIFL

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Networks getting younger as organisations start to embrace workplace mobility, IoT, and software-defined networking strategies

Networks getting younger as organisations start to embrace workplace mobility, IoT, and software-defined networking strategies

7 years ago
International Day of Happiness 2018: Corporate Wellness needs Corporate Willpower

International Day of Happiness 2018: Corporate Wellness needs Corporate Willpower

6 years ago
Louise Jacobson

International Women’s Day: Interview with Louise Jacobson, Managing Partner of Brazen MENA

3 years ago
‘We aim to become the Google cum Facebook for football lovers and the single window resource for football needs.’-  Debasish Roy, CEO, Royalle Corporation

‘We aim to become the Google cum Facebook for football lovers and the single window resource for football needs.’- Debasish Roy, CEO, Royalle Corporation

7 years ago
Interview: Sheshgiri Kamath, Co-Founder & CEO, Kapture CRM

Interview: Sheshgiri Kamath, Co-Founder & CEO, Kapture CRM

4 years ago
No Result
View All Result

Must Read

Mubadala Energy’s 2022 Sustainability Report Signals its Intensified Focus on Decarbonisation Initiatives

IAA Leadership Awards honours outstanding achievers

Neweast to establish AED500 Mn Automotive Parts Distribution hub in Jafza

Prosper Real Estate set to elevate UAE’s realty landscape with growth and investment opportunities

NLB Healthcare Partners with Nursing Norway AS and World Trade Center Pune to Launch Recruitment Platform for Indian Nurses

Cloudera Appoints Charles Sansbury as New Chief Executive Officer

Trending

AI4Rx launches MedBeat HealthConnect App
Launch

AI4Rx launches MedBeat HealthConnect App

by StartUp Terminal Bureau
September 21, 2023
0

Mumbai, India, September 21, 2023: AI4Rx, the AI powered, high-quality medical care platform for all, announces the launch...

PrepInsta Sets To Achieve 2.25 Lakh Student Placements Goal For FY 23-24

PrepInsta Sets To Achieve 2.25 Lakh Student Placements Goal For FY 23-24

August 11, 2023
enza group and Wema Bank Join Forces to Boost Ecommerce Payment Acceptance

enza group and Wema Bank Join Forces to Boost Ecommerce Payment Acceptance

August 10, 2023
Mubadala Energy’s 2022 Sustainability Report Signals its Intensified Focus on Decarbonisation Initiatives

Mubadala Energy’s 2022 Sustainability Report Signals its Intensified Focus on Decarbonisation Initiatives

August 10, 2023
IAA Leadership Awards honours outstanding achievers

IAA Leadership Awards honours outstanding achievers

August 10, 2023
Startup Terminal

Startup Terminal is a global news portal for Technology, Startups, and Businesses. Reporting on technology, start-ups, and business-related news from all over the world. We exclusively feature startups, and technology companies to reach out to a wider audience.
Startup Terminal is an official media partner at global conferences like:
#Mobile World Congress 4YFN,
#Barcelona, Spain
#ConnecTechAsia, Singapore (Formerly CommunicAsia)
#NXTAsia, Singapore
#Africa Com, Cape Town, South Africa
#Converge Events, Singapore
#young Startup Ventures, USA

Follow us on social media:

Recent News

  • AI4Rx launches MedBeat HealthConnect App September 21, 2023
  • PrepInsta Sets To Achieve 2.25 Lakh Student Placements Goal For FY 23-24 August 11, 2023
  • enza group and Wema Bank Join Forces to Boost Ecommerce Payment Acceptance August 10, 2023
  • Mubadala Energy’s 2022 Sustainability Report Signals its Intensified Focus on Decarbonisation Initiatives August 10, 2023
  • IAA Leadership Awards honours outstanding achievers August 10, 2023
  • Neweast to establish AED500 Mn Automotive Parts Distribution hub in Jafza August 7, 2023
  • Prosper Real Estate set to elevate UAE’s realty landscape with growth and investment opportunities August 3, 2023
  • NLB Healthcare Partners with Nursing Norway AS and World Trade Center Pune to Launch Recruitment Platform for Indian Nurses August 3, 2023

Readers’ Choice

  • Aneesha Dalal, SHIAMAK Dance Academy

    Interview: Aneesha Dalal, Master Instructor and Principal Dancer at The SHIAMAK Dance Academy

    350 shares
    Share 140 Tweet 88
  • International Women’s Day Interview: Arpita Mehta, Fashion Designer

    330 shares
    Share 132 Tweet 83

© 2023 Startup Terminal - Leading digital news portal-Startup Terminal | All Rights Reserved.

No Result
View All Result
  • News
    • Technology
    • Funding
    • Tie-up
    • Acquisition
    • Australia Startup News
    • Singapore Startup News
    • India Startup News
    • UAE Startup News
    • UK Startup News
    • US Startup News
    • Launch
    • Video
  • Interview
  • Feature
  • Events
  • Variety
    • Startup Terminal 40 Under 40
  • Privacy Policy
  • Refund and Cancellation policy
    • Terms and Conditions
  • Contact Us

© 2023 Startup Terminal - Leading digital news portal-Startup Terminal | All Rights Reserved.