Funding · Professional & Local Services

OfficeBanao raises $7.7M from Lightspeed and others

By Startup Enthusiast · 16 March 2026

What they do

OfficeBanao is a platform that manages design, procurement and execution of commercial office and retail interiors

It raised $7.7 million in a round led by Lightspeed, with Medra Family and Mangum II participating

The company plans to use the funds for geographic expansion and deploying AI across the project lifecycle

OfficeBanao has raised $7.7 million in a funding round led by existing investor Lightspeed.
The round also saw participation from Medra Family and Mangum II.
The funding was structured in two tranches: the first of about $3.85 million in mid-2025 and the second of about $3.85 million in early 2026.
The company's post-money valuation stands at $70 million.
OfficeBanao had previously raised $6 million in seed funding from Lightspeed in 2023.
The funds will be used for geographic expansion, strengthening the technology stack, and scaling operations across new Indian cities.
The company plans to deploy AI and machine learning across the project lifecycle, including automated design generation and intelligent procurement matching.

India's interior design market is projected to reach $35 billion in 2026, growing at 12-13% CAGR.
The commercial fit-out sub-segment is a multi-billion dollar opportunity, with over 90% of the market unorganised.
Competitors include Flipspaces (raised ~$50M in 2025) and All Home (launched June 2025, $120M valuation).
OfficeBanao's revenue has grown at a CAGR of over 115% from FY23 to FY26.

OfficeBanao is a platform for commercial workspace interiors, covering design, procurement, project management, and execution for office and retail spaces.
It connects designers, architects, contractors, furniture vendors, and material suppliers through a unified system.
Projects range from Rs 10 lakh (small offices) to Rs 5 crore (large offices and enterprises).
The company has completed over 200 projects across more than 40 cities in India.
Revenue grew from Rs 22 crore in FY23 to Rs 58 crore in FY24 and Rs 138 crore in FY25, with a target of Rs 225 crore for FY26.
The annualised revenue run rate is approaching $27 million.
OfficeBanao has offices in Gurugram and Bengaluru, and an experience centre in Gurugram.

OfficeBanao plans to deploy AI and ML across the project lifecycle for automated design generation, intelligent procurement matching, predictive scheduling, and quality monitoring.
The company will invest heavily in South India and West India markets.
It is on track for EBITDA break-even in calendar year 2026.
Funds will be used for geographic expansion, technology stack enhancement, and scaling operations across new Indian cities.

Lightspeed (lead) — Existing investor in OfficeBanao, having led the seed round in 2023.
Medra Family (participant)
Mangum II (participant)

Product: End-to-end commercial office interiors and workspace buildout platform with design, procurement, project management, and execution services
Customers: Startups, SMEs, and large enterprises seeking managed commercial office and retail space design and construction
How it makes money: B2B marketplace connecting architects, contractors, designers, furniture vendors and suppliers for commercial workspace projects
What sets it apart: Unified system managing projects from planning and 3D design to sourcing and construction with AI/ML for intelligent project lifecycle