Proptech startup OfficeBanao has raised nearly $4 million as part of an ongoing $7.7 million funding round, led by marquee investor Lightspeed Venture Partners. The capital injection, which saw participation from Mangum II and Medra Family, pushes the company’s post-money valuation to approximately $70 million.
The Gurugram-based firm plans to utilize the fresh funds to accelerate its geographic expansion, bolster its proprietary technology stack, and scale operations across new Indian cities.
End-to-End Workspace Solutions
Founded in 2022 by Tushar Mittal, Akshya Kumar, and Divyanshu Sharma, OfficeBanao serves as a tech-enabled orchestrator for commercial interiors. The platform streamlines the complex lifecycle of office buildouts by connecting:
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Designers & Architects for 3D planning and conceptualization.
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Contractors & Vendors for construction and furniture procurement.
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Material Suppliers for direct sourcing.
By unifying these stakeholders into a single management system, the startup offers end-to-end execution for projects ranging from Rs 10 lakh to over Rs 5 crore, catering to a diverse clientele of startups, SMEs, and large corporations.
Rapid Revenue Trajectory
The funding comes on the back of aggressive fiscal growth. OfficeBanao’s revenue jumped from Rs 22 crore in FY23 to Rs 138 crore in FY25. Looking ahead, the company has set a revenue target of Rs 225 crore for FY26 as it deepens its footprint beyond the 40 cities it currently serves.
“The platform manages workspace creation from initial planning to final construction, aiming to solve the fragmentation typically found in the commercial interior industry.”
Competitive Landscape
As the demand for organized, tech-led commercial design rises, OfficeBanao is positioning itself against established players like Flipspaces and All Home. To date, the company claims to have successfully delivered over 200 projects, leveraging its tech infrastructure to maintain speed and transparency in an industry traditionally plagued by delays.
By: Sandhya Bharti
