Kabuni Ltd upgrades interior designing app to drive revenue growth
Date
8/24/2016 1:59:42 AM
(MENAFN- ProactiveInvestors - Australia)
Kabuni Ltd (ASX:KBU) has released version 2.0 of its mobile platform with significant upgrades which are expected to drive the company's revenue growth.
The Kabuni platform allows interior designers collaborate directly with homeowners and earn income from the sale of custom-made home and interior designs.
As of July, Kabuni had 1,212 designers registered and is adding an average 35 designers per week.
Key features which have been added into the new versions of the app includes a universal product catalogue, personal designer selection for clients and global search functionality.
Additionally, Kabuni opened a community design studio in Vancouver, Canada in June, where designers can connect in person with clients.
Although membership with the design studio is currently free, Kabuni is exploring the opportunity to generate subscription fee income by charging for membership and leveraging the design studio as a co-working space.
Kabuni anticipates opening more studios across North America as the company continues its development into a leading design platform.
The potential is vast, with over 60,000 design professionals in the United States alone and home designers are responsible for over US$68 billion worth of products annually in North America.
Kabuni is well funded to pursue an aggressive growth strategy with a cash balance of $2 million as at 30 June 2016. <
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