OfficeBanao Raises $4M to Expand Technology Driven Office Interiors Platform

India’s commercial workspace market is evolving quickly. Companies now expect offices that combine design, efficiency, and technology.

Office interiors startup OfficeBanao is positioning itself at the center of this transformation. The Gurugram based proptech platform has raised nearly $4 million (about ₹35 crore) to accelerate its business expansion and strengthen its technology driven interior solutions.

The funding reflects growing investor confidence in startups that modernize the traditional office design and build industry. As hybrid work reshapes workspace demand, companies are increasingly turning to integrated platforms that simplify office construction, procurement, and design.

OfficeBanao aims to become a key infrastructure provider for this emerging workspace economy.

Understanding OfficeBanao’s Business Model

OfficeBanao operates as a commercial interiors platform focused on designing and executing office and retail spaces.

Founded in 2022 by Tushar Mittal, Akshya Kumar, and Divyanshu Sharma, the company combines technology with traditional interior contracting services.

The platform connects architects, designers, contractors, and suppliers through a unified digital system. This approach helps companies manage the entire workspace development process from planning to execution.

Key capabilities include:

• Workspace design and space planning
• Corporate interior fit outs
• Turnkey office build services
• Integrated procurement and vendor management

By digitizing procurement and project coordination, the startup aims to reduce delays, improve cost transparency, and streamline large scale office interior projects.

Details of the Latest Funding Round

The latest OfficeBanao funding forms part of a broader $7.7 million fundraising round.

The investment was led by existing venture capital backer Lightspeed, with participation from Mangum II and the Medra Family.

The funding was structured in two stages:

• First tranche: Approximately $3.85 million raised between May and June of the previous year
• Second tranche: Another $3.85 million raised between January and February 2026

Following the round, the company achieved a post money valuation of about $70 million.

Earlier, OfficeBanao had secured $6 million in seed funding in 2023, also led by Lightspeed.

Rapid Revenue Growth Signals Market Demand

OfficeBanao’s financial growth illustrates the expanding demand for structured workspace solutions.

The company reported strong revenue expansion over the past two years:

• FY23 revenue: ₹22 crore
• FY25 revenue: ₹138 crore

This represents more than six fold growth in two years.

The startup now targets ₹225 crore in revenue during FY26, indicating aggressive expansion plans.

This growth reflects a broader shift in corporate infrastructure spending. Organizations are increasingly investing in optimized workplaces that improve productivity and employee experience.

Expanding Presence Across Indian Cities

OfficeBanao has already completed more than 200 projects across over 40 cities in India.

Its services cover projects ranging from ₹10 lakh small offices to enterprise interiors worth ₹5 crore.

The company currently operates from offices in Gurugram and Bengaluru, with an experience center in Gurugram that allows clients to explore design solutions and materials.

With the new capital infusion, the startup plans to expand its presence across more metropolitan and emerging business hubs.

The Larger Opportunity in the Office Interiors Market

The global workplace design industry is undergoing structural change.

Three major trends are reshaping the sector:

Hybrid Work Infrastructure

Organizations now require flexible office layouts that support collaboration, remote work integration, and modular expansion.

Technology Driven Design

Digital platforms enable 3D visualization, real time procurement management, and cost optimization.

Integrated Project Delivery

Businesses increasingly prefer single platforms that handle design, sourcing, and execution together.

OfficeBanao’s platform model aligns with all three trends. This positioning may allow the company to capture a growing share of the commercial interiors market.

Strategic Implications for India’s PropTech Sector

The success of startups like OfficeBanao reflects the rising influence of proptech platforms in India’s real estate ecosystem.

Traditional interior contracting often relies on fragmented vendor networks and manual project coordination. Technology platforms are beginning to standardize this process.

As enterprise clients demand transparency and speed, digital infrastructure providers could become essential partners in office construction and renovation.

OfficeBanao’s expansion therefore highlights a broader shift toward technology driven real estate services.

Future Outlook for OfficeBanao

The newly raised capital will support several strategic priorities.

The company plans to:

• Expand into additional Indian cities
• Strengthen its technology platform
• Increase vendor and contractor networks
• Improve project execution capabilities

If executed successfully, OfficeBanao could position itself as a national infrastructure platform for workspace development.

The latest OfficeBanao funding round signals growing investor interest in technology driven workspace solutions.

With nearly $4 million in new capital and a $70 million valuation, the company is entering an important phase of expansion.

As businesses continue to redesign workplaces for the hybrid era, startups that combine technology with infrastructure services may play a defining role in the future of commercial real estate.

OfficeBanao now has the opportunity to build that platform at scale.