OfficeBanao is a Gurugram-based proptech startup. OfficeBanao has raised approximately $4 million in capital as part of a wider $7.7 million capital round. The Lightspeed Venture Partners led this investment. It shows a strong institutional interest in digitizing the commercial real estate and interior design industries.
Other investors such as Mangum II and Medra Family were also in the funding round. With this new influx of finance, the post-money valuation of the company has increased to around $70 million, which is a huge milestone considering that the company is a relatively new one in the market.
The primary objective of the capital that will be raised is to enable the company, OfficeBanao, to expand its operations to more markets. In addition to geographic scaling, the startup will use a significant part of the funds to be used in enhancing its technology infrastructure.
OfficeBanao should optimize the digital foundation of its platform to become more efficient in its services and offer a more pleasant experience to its different stakeholders. The company especially aims to expand its platform into more cities in India and to unlock the potential of the rising demand for modern and tech-enabled office environments that serve a wide range of environments, from both emerging startup firms to large-scale business firms.
OfficeBanao was founded in 2022. Tushar Mittal is the founder of OfficeBanao. He is accompanied by co-founders Akshya Kumar and Divyanshu Sharma. Since its inception, the startup was programmed to deal with the complexities and disjointedness of the commercial office interior business.
OfficeBanao provides a niche solution to commercial office design and space construction by running a technologically-enabled service. The startup offers an incredibly end-to-end service model that encompasses all key stages of a project, such as the initial design, material purchase, careful project management, and the ultimate construction. Such an all-encompassing strategy can be applied in both the conventional office setting and the new-day retail area.
The company has an integrated system that is the core element of its innovation, as it acts as a digital connector connecting different professionals and vendors within the construction and design eco-system. The platform supports teamwork in the sense that it brings together architects, contractors, interior designers, furniture suppliers, and material suppliers in one integrated, simplified system.
This unified management system monitors the entire lifecycle of workspace development, starting with the planning and 3D design phases and proceeding to the source procurement and the actual construction. Through the centralization of these disparate entities, OfficeBanao will be able to achieve the goal of having less friction, less waiting time, and stronger precision when it comes to commercial interior project deliveries.
OfficeBanao has proven to be very versatile in the kind of projects it conducts, serving a broad financial range in the business industry. The startup handles projects with a smaller scale, such as those worth ₹10 lakh, to the high-complexity buildouts worth in excess of ₹5 crore.
This ability has enabled the business to develop a diversified client base comprising high-growth startups, small and medium-sized companies, as well as large corporate entities. The presence of the startup has already been felt in the Indian landscape, as the company boasts of having completed over 200 projects in over 40 cities successfully. Their extensive geographic presence demonstrates the scalability of their model and the universal need to have structured tech-oriented interior solutions.
The financial performance of the company shows its fast adoption in the market. The revenue growth of OfficeBanao has been sharp in recent years as it rose to ₹138 crore in the 2025 fiscal year, compared to ₹22 crore in the 2023 fiscal year. This growth trend is projected to go up as the company plans to achieve a revenue target of ₹225 crore in the 2026 fiscal year.
The company has strategic plans to penetrate more markets and expand on the ones it already enjoys to support this ambitious target. OfficeBanao has some competition at scale as it competes with other actors operating within the tech-based interior solution sector, including Flipspaces and All Home, who are also interested in modernizing the home and office interior segments over digital platforms.
This successful round of funding, amounting to $4 million, led by Lightspeed, is a revolutionary one for OfficeBanao as it tries to reinvent the way commercial workspaces are constructed in India. The company has used technology to unify architectures, vendors and contractors and in the process has successfully solved one of the most significant pain points in an otherwise fragmented business.
The fact that revenue grew by a huge margin, from ₹22 crores to ₹138 crores within a span of two years, is a clear indication that the market is willing to accept more transparent and controlled construction processes. Having a post-money valuation of $70 million and having a clear expansion plan into other cities, OfficeBanao is in a position to reach its target of ₹225 crore by 2026.