Lightspeed Leads $7.7M Funding Round for OfficeBanao to Transform Workspace Interiors in India

OfficeBanao, India's innovative workspace interiors platform, has raised $7.7 million in a funding round led by existing investor Lightspeed.

The latest tranche of nearly $4 million includes participation from Mangum II and founder Tushar Mittal, who acquired additional equity stakes.

Funding Fuels Rapid Expansion

Founded in 2022 by Tushar Mittal, Akshya Kumar, and Divyanshu Sharma, OfficeBanao leverages proprietary technology and a deep supply chain to streamline office design and execution for businesses.

Prior to this round, the Gurugram-based startup secured $6 million in seed funding from Lightspeed in 2023 to scale its supplier ecosystem and technology infrastructure.

Impressive Revenue Growth

OfficeBanao's revenue surged from Rs 22 crore in FY23 to Rs 138 crore in FY25, demonstrating strong market traction in the commercial interiors sector.

The company targets Rs 225 crore in revenue for FY26, highlighting its robust growth trajectory amid India's booming startup ecosystem.

Future Plans and Market Impact

With the fresh capital, OfficeBanao plans to expand operations into the top 25 markets across India, enhancing accessibility for SMEs and enterprises.

This funding underscores investor confidence in tech-driven solutions addressing the evolving demands of hybrid workspaces post-pandemic.

By redefining workplace creation, OfficeBanao aims to empower businesses with efficient, scalable interior solutions, potentially disrupting the fragmented $20 billion Indian office interiors market.

The partnership with Lightspeed positions OfficeBanao for accelerated innovation and nationwide dominance in B2B workspace services.