Bengaluru-based Design Cafe, a startup that provides home interior services, has raised $25 million (approx. Rs 184 crore) as part of its extended Series B funding round led by WestBridge Capital, Sixth Sense Ventures, Fireside Ventures, along with the participation from few family offices.
Design Cage previously had raised Rs 200 crore ($28M) in its first tranche of Series B round in December 2018, led by WestBridge Capital, Fireside, and Sprout Capital. Following the current round, the startup's total Series B funding amount now stands at $53 million.
Incepted in 2015 by award-winning architects Gita Ramanan and Shezan Bhojani, Design Cafe, through its platform, offers a customized design and decor solution to customers which also includes budget management, home cleaning, among others. The startup operates on a vertically integrated business model, with its own designers, workforce, it manufactures all its products in a Bengaluru-based factory.
With this round of funding, Design Cafe aims to expand its footprint across India and plans to be present in the top 10 Indian cities over the next 18 months. Currently, It has operations in Bengaluru, Mumbai, and Hyderabad, with new centers launched in Chennai and Thane.
Additionally, It is also planning to open more experienced centres in Bengaluru city, the startup said in a statement.
“The funds raised will allow us to take our highly rated services and products to more markets and invest further in technology and people," Shezaan Bhojani, CEO and Co-founder, Design Cafe, said.
The startup said that it aims to achieve a gross annual booking run rate of Rs 600-700 crore over the next two years, of which a major part of the revenue will come from the home segment, it said.
“We believe that home interiors and improvement is a very large opportunity in India and the problem that Design Cafe addresses is a real consumer need today,” said Sandeep Singhal, co-founder & managing director, WestBridge Capital.
Commenting on the investment in Design Cafe, Founder & CEO of Sixth Sense Ventures, Nikhil Vora said:
“Home improvement and design is a $20 billion industry in India, which is completely fragmented and unorganized. Consumers have been looking for hassle-free, one-stop solutions, and with significant digital adoption by new-age consumers, we believe Design Café is extremely well-positioned with their tech-enabled service offering.”
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