Gurugram-based proptech startup OfficeBanao has raised funds from three angel investors, including former Meta India MD Ajit Mohan and former Colliers India CEO Ramesh Nair. The investment is the latest in a string of funding rounds for OfficeBanao, which has raised a total of $6.2 million in funding since its inception in 2021.
The fresh funds will be used to further enhance OfficeBanao’s technology-driven platform, accelerate product development, and expand its workforce. The startup plans to use the funds to hire more staff, develop new products and services, and expand into new markets.
OfficeBanao provides AI-powered space planning, 3D walkthroughs, a variety of product selections, and real-time collaboration. The startup brings architects, contractors, designers, material suppliers, and office furniture providers under its aegis to cater to a diverse range of commercial interiors and to businesses of all sizes.
The investment in OfficeBanao is a sign of the growing interest in proptech startups in India. The proptech industry is expected to grow rapidly in the coming years, and OfficeBanao is well-positioned to capitalize on this growth.
Other Proptech Startups Raise Funding
The funding round for OfficeBanao comes on the heels of a number of other funding rounds for proptech startups in India. In late last month, proptech startup Crib raised Rs. 15 crores in its Seed round co-led by We Founder Circle and Rebright Partners. And, in last month only, a SaaS startup catering to Interior and Construction Companies, iDesign.Market, had raised $200,000 in a pre-seed funding round from prominent entities such as Jaipur Rugs, and a consortium of angel investors including PropTech expert Brigade REAP.
The growing interest in proptech startups is a reflection of the increasing demand for online solutions for real estate-related services. As the Indian real estate market continues to grow, proptech startups are well-positioned to capitalize on this growth.