According to the startup’s MCA filings accessed by Inc42, its board approved issuance of 45,472 pre-Series A2 non-cumulative CCPS for ₹7,654 per share
As per the startup’s valuation report, it raised the fund at a pre-money valuation of ₹522.7 Cr (about $56.5 Mn)
Prior to this round, it raised $6 Mn in its seed funding round in 2023
Workspace interiors startup OfficeBanao has bagged ₹34.8 Cr (about $3.76 Mn) in a funding round led by existing investor Lightspeed, with participation from investment firm Mangum II and Medra Family.
According to the startup’s MCA filings accessed by Inc42, its board approved issuance of 45,472 pre-Series A2 non-cumulative CCPS for ₹7,654 per share.
The shares were allotted in two tranches. It offered shares worth ₹10.62 Cr each to Lightspeed India Partners III and LS Opportunities Access Fund on December 31, 2025, while Mangum II LLC was allotted shares worth ₹9.04 Cr on December 31, 2025.
The second tranche was completed on January 23 this year, with Medra Family subscribing to shares worth ₹4.52 Cr.
As per the startup’s valuation report, it raised the fund at a pre-money valuation of ₹522.7 Cr (about $56.5 Mn).
The funding seems to be a part of a larger ongoing round. Queries sent to OfficeBanao founder Tushar Mittal on the funding round didn’t elicit any response till the time of publishing this story.
Founded in 2022 by Mittal, Akshya Kumar, and Divyanshu Sharma, OfficeBanao offers a platform which leverages technology to provide solutions for creating, maintaining and managing workspace.
The platform serves designers, architects, contractors, office furniture, and material suppliers, providing them technology, content and processes. It provides complete workspace design and build services, corporate interiors, and turnkey fit-outs. The startup claims its integrated procurement solutions act as a central hub for general contractors and project partners, simplifying vendor management, sourcing, and cost efficiency across all stages.
OfficeBanao caters to projects starting from ₹10 Lakh for small offices to ₹5 Cr for large offices and enterprise projects. As per its website, OfficeBanao has completed over 200 projects in more than 40 cities across the country till now.
The startup currently has two offices in Gurugram and Bengaluru, and an experience centre in Gurugram.
Prior to this round, it raised $6 Mn in its seed funding round in 2023.
OfficeBanao operates in the interior design market, which is largely unorganised in India. Startups are leveraging technology to organise this segment and provide modern solutions with transparency. These startups are also seeing a lot of interest from investors.
For instance, interior design startup Flipspaces raised around $50 Mn in three tranches last year in a mix of primary and secondary capital. PharmEasy cofounders Dharmil Sheth, Dhaval Shah and Hardik Dedhia also launched an architectural and interior design startup All Home in June 2025 and raised an undisclosed amount of capital from Bessemer Venture Partners at a valuation of $120 Mn (about ₹1,041 Cr).
According to a recent report by IMARC, India’s interior design market is projected to reach a size of $74.73 Bn by 2034, registering a CAGR of 8.16%.
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