OfficeBanao secures $4M to revolutionize India's workspace design industry
Gurugram-based proptech startup OfficeBanao has raised nearly $4 million in a new funding round. The investment was led by Lightspeed Venture Partners, with additional backing from Mangum II and Medra Family. The total funding now stands at $7.7 million, valuing the company at $70 million after the round.
OfficeBanao was founded in 2022 by Tushar Mittal, Akshya Kumar, and Divyanshu Sharma. The platform specialises in commercial office interiors and workspace buildouts, offering end-to-end services for projects ranging from Rs 10 lakh to over Rs 5 crore. It connects architects, contractors, designers, furniture vendors, and material suppliers through a single system for streamlined project management.
The startup has completed more than 200 projects across over 40 Indian cities. Its revenue has surged from Rs 22 crore in FY23 to Rs 138 crore in FY25, with a target of Rs 225 crore for FY26. Serving startups, SMEs, and large enterprises, the company has established itself as a key player in the workspace solutions market.
Founder and CEO Tushar Mittal has now acquired the equity stakes of co-founders Akshya Kumar and Divyanshu Sharma. Both departing co-founders are leaving to pursue independent ventures. The fresh funding will be used to expand operations, upgrade technology infrastructure, and scale the platform to more cities.
The latest investment will help OfficeBanao strengthen its market position and widen its service reach. With a focus on growth and technology, the company aims to further increase its revenue and project portfolio. The startup's unified platform continues to attract businesses looking for efficient workspace solutions.
