OfficeBanao Raises ₹34.8 Crore Funding Led by Lightspeed to Expand Workspace Interior Platform
Workspace interiors startup OfficeBanao has raised ₹34.8 crore (around $3.76 million) in a new funding round led by existing investor Lightspeed, with participation from Mangum II LLC and Medra Family.
The funding will help the startup strengthen its technology-driven platform for workspace design, procurement, and project management.
According to regulatory filings with the Ministry of Corporate Affairs (MCA), the company issued 45,472 pre-Series A2 non-cumulative CCPS shares at ₹7,654 per share.
OfficeBanao Funding Details
As per the company’s valuation report, the round values OfficeBanao at a pre-money valuation of ₹522.7 crore (approximately $56.5 million).
The funding was completed in two tranches.
First tranche – December 31, 2025
- Lightspeed India Partners III – ₹10.62 crore
- LS Opportunities Access Fund – ₹10.62 crore
- Mangum II LLC – ₹9.04 crore
Second tranche – January 23, 2026
- Medra Family – ₹4.52 crore
This investment appears to be part of a larger ongoing funding round, although the company has not officially confirmed additional details.
About OfficeBanao
OfficeBanao was founded in 2022 by Tushar Mittal, Akshya Kumar, and Divyanshu Sharma.
The startup operates a technology-enabled platform for workspace design and management.
Its platform connects multiple stakeholders in the workspace ecosystem, including:
- Architects
- Interior designers
- Contractors
- Office furniture suppliers
- Material vendors
Through this platform, OfficeBanao provides end-to-end services such as:
- Workspace design and planning
- Corporate office interiors
- Turnkey office fit-outs
- Vendor sourcing and procurement management
Technology-Driven Workspace Design Platform
OfficeBanao aims to simplify office interior projects by offering integrated procurement and vendor management tools.
The platform acts as a central hub for project partners, helping them manage sourcing, vendor coordination, and cost efficiency.
This approach helps reduce complexity in office interior projects and improves project transparency.
Projects and Market Presence
OfficeBanao offers workspace solutions for companies of different sizes.
Projects handled by the company typically range from:
- ₹10 lakh for small office spaces
- ₹5 crore for large enterprise office projects
According to the company’s website, it has completed over 200 projects across more than 40 cities in India.
The startup currently operates from:
- Gurugram office
- Bengaluru office
- Experience centre in Gurugram
Previous Funding
Before this round, OfficeBanao had raised $6 million in seed funding in 2023.
The new investment from Lightspeed and other investors will help the company expand its technology platform and scale its operations across India.
Growing Investor Interest in Interior Design Startups
India’s interior design and workspace solutions market remains largely unorganised, creating opportunities for technology-driven startups.
Several startups are now building digital platforms to bring transparency and efficiency to the industry.
For example:
- Flipspaces raised around $50 million last year in multiple funding rounds.
- All Home, an architectural and interior design startup launched by PharmEasy cofounders, raised funding from Bessemer Venture Partners at a $120 million valuation.
India’s Interior Design Market Growth
According to a report by IMARC, India’s interior design market is expected to grow significantly in the coming years.
The market is projected to reach $74.73 billion by 2034, growing at a CAGR of 8.16%.
This growth is driven by increasing demand for modern office spaces, startup ecosystems, and corporate workspace upgrades.
Conclusion
With the new ₹34.8 crore funding round, OfficeBanao is strengthening its position in India’s growing workspace interior solutions market.
By combining technology, procurement integration, and project management tools, the startup aims to simplify office interior projects and bring greater efficiency to the industry.
As demand for modern workspaces continues to rise, platforms like OfficeBanao could play a key role in transforming India’s office interior ecosystem.
