Gurugram-based proptech startup OfficeBanao has secured nearly $4 million in fresh funding as part of a larger $7.7 million investment round led by Lightspeed Venture Partners, with participation from Mangum II and Medra Family. The latest funding round values the company at approximately $70 million post-money, reflecting growing investor interest in technology-driven workspace solutions in India.
The newly raised capital will help OfficeBanao expand its operations, enhance its technology infrastructure, and scale its platform across additional Indian cities. As businesses increasingly look for efficient and technology-enabled workspace solutions, the company aims to strengthen its position in the rapidly evolving commercial interior design and office buildout market.
Building a Tech Platform for Office Interiors
Founded in 2022 by Tushar Mittal along with Akshya Kumar and Divyanshu Sharma, OfficeBanao is a technology-enabled platform focused on commercial office interiors and workspace development. The company offers a comprehensive suite of services that includes design, procurement, project management, and execution for offices and retail spaces.
Unlike traditional interior design firms, OfficeBanao operates through a digitally integrated platform that brings together multiple stakeholders involved in workspace creation. Architects, contractors, designers, furniture vendors, and material suppliers collaborate through the platform, enabling companies to manage the entire office setup process in a more streamlined and transparent manner.
The platform allows businesses to plan their workspace from the initial design stage to final construction, including features such as 3D design visualization, procurement planning, and project tracking. This integrated model aims to reduce inefficiencies commonly seen in conventional office interior projects.
Serving Businesses of All Sizes
OfficeBanao caters to a broad range of clients, including startups, small and medium-sized enterprises (SMEs), and large corporations. The company handles projects with budgets ranging from ₹10 lakh to more than ₹5 crore, making it suitable for both early-stage companies setting up their first offices and established businesses expanding their operations.
Since its launch, the startup claims to have completed more than 200 projects across over 40 cities in India, demonstrating strong demand for organized and technology-led workspace solutions.
As hybrid work models evolve and companies rethink office environments, the demand for flexible, functional and cost-efficient workspaces has grown significantly. Platforms like OfficeBanao are attempting to address this demand by digitizing the traditionally fragmented office interior market.
Rapid Revenue Growth
OfficeBanao has also reported strong financial growth since its inception. The company’s revenue increased significantly from ₹22 crore in FY23 to ₹138 crore in FY25, highlighting the rapid adoption of its platform by businesses.
Looking ahead, the startup has set an ambitious target of reaching ₹225 crore in revenue by FY26, supported by its expansion into additional cities and increased adoption of its technology-driven services.
The fresh funding is expected to play a key role in achieving these growth goals by helping the company invest in product development, operational expansion, and market penetration.
Competition in the Proptech Interior Market
OfficeBanao operates in a competitive proptech segment where several startups are working to modernize interior design and workspace management through technology. The company competes with platforms such as Flipspaces and All Home, which are also building digital ecosystems for office and home interior solutions.
However, OfficeBanao is focusing specifically on commercial office interiors and workspace buildouts, aiming to become a preferred platform for businesses looking to design and execute office spaces more efficiently.
Rising Investor Interest in Proptech
The investment in OfficeBanao also reflects broader investor confidence in the proptech sector, particularly in solutions that combine real estate services with technology platforms.
As companies across India continue to invest in modern workspaces, hybrid office infrastructure, and employee-centric office design, technology-enabled interior platforms are likely to play an increasingly important role in shaping the future of workplace environments.
With the new funding from Lightspeed Venture Partners and other investors, OfficeBanao plans to accelerate its expansion strategy and strengthen its position in India’s growing proptech ecosystem.
Ruchi Kumar is the associate editor at Entrepreneur News Network and TVW News India, where she leads editorial strategy, brand storytelling, and startup ecosystem coverage. With a strong focus on innovation, business, and marketing insights, he curates impactful narratives that spotlight India’s evolving entrepreneurial landscape. She has written extensively on fintech, AI and emerging startups.