Workspace interiors startup OfficeBanao has secured $6 million in all-equity seed funding. In line with media experiences, the startup nabbed a contemporary infusion of capital from multi-stage VC fund Lightspeed on Tuesday to maintain on the spectacular traction it has gained, within the extremely aggressive workspace inside market in India.
“OfficeBanao is a mission-driven firm, dedicated to creating a significant distinction in how workspaces are developed in India. We’re delighted to accomplice with them and are excited to see how they rework this market,” mentioned Rahul Taneja, accomplice, of Lightspeed, in a ready assertion. “With a depth of expertise and provider community, the group is greatest positioned to disrupt the present opaque and sub-par expertise that plagues the trade at this time. It’s encouraging to see the early progress, the sustainable enterprise mannequin, and most significantly, the shopper delight they’ve delivered – and we look ahead to their continued growth,” he added.
“The sector is unorganized, opaque and so under-served, that we consider solely a tech-led method will help ship a pleasant expertise to workspace house owners,” mentioned Tushar Mittal, founder, and CEO of OfficeBanao. “Our perception is that with funding in know-how, provider ecosystem, product platform, and an incredible group, we are able to construct a really massive and really worthwhile enterprise.”
The agency will deploy the contemporary infusion of funds in the direction of inducting contemporary blood, and enhance its headcount from 110 to 250-300 by the top of the 12 months. In line with media experiences, the bigger headcount will allow the startup – which provides a workspace interiors platform to companies throughout the nation – to create a stable tech-driven basis so as to higher meet the demand for its providers. It additionally seems to be to strengthen its platform throughout each tech and groups, particularly in design and development capabilities.
Based by Mittal in January 2022 (together with Akshya Kumar and Divyanshu Sharma, who’re at the moment serving because the agency’s CTO and CBO and CPO respectively), OfficeBanao at the moment revolutionizes the workplace improvement expertise utilizing know-how with an end-to-end answer throughout phases of design, procurement, and execution. It leverages tech equivalent to AI, 3D walkthroughs, product alternatives with a number of choices, and real-time collaboration to generate designs that resonate with prospects, and allows them to make selections faster. This ensures a seamless expertise for service suppliers and higher effectivity for shoppers.
Headquartered in Gurugram, OfficeBanao brings architects, contractors, designers, materials suppliers, and workplace furnishings suppliers beneath its aegis to cater to a various vary of economic interiors and to companies of all sizes. At the moment, it has prospects in additional than 15 cities, together with in a few of the untapped Tier-II cities in India.