Gurugram-based proptech startup OfficeBanao has announced a $4 million investment as part of a larger $7.7 million funding round. The investment was led by Lightspeed Venture Partners, with additional participation from Mangum II and Medra Family.
Founded in 2022 by Tushar Mittal, Akshya Kumar, and Divyanshu Sharma, OfficeBanao specializes in providing tech-enabled solutions for commercial office interiors and workspace buildouts. The company’s services include design, procurement, project management, and execution for both offices and retail spaces.
OfficeBanao’s platform seamlessly connects various stakeholders, such as architects, contractors, designers, furniture vendors, and material suppliers, through an integrated system that manages workspace creation from the initial planning and 3D design stages to sourcing materials and overseeing construction.
With projects ranging from Rs 10 lakh to over Rs 5 crore, OfficeBanao caters to a diverse clientele, including startups, SMEs, and large enterprises. The company has successfully completed 200 projects across more than 40 cities in India.
OfficeBanao has experienced substantial revenue growth, with figures climbing from Rs 22 crore in FY23 to a projected Rs 138 crore in FY25. The company aims to achieve Rs 225 crore in revenue for FY26 as it expands its market presence.
OfficeBanao operates in a dynamic landscape, competing with rivals like Flipspaces and All Home, all of which are leveraging technology to offer innovative solutions for office and home interiors.
Source: Entrackr : Latest Posts