Workspace interiors platform OfficeBanao said on Tuesday that it raised $6 million in Seed funding from Lightspeed, a multi-stage venture capital fund.
The company will utilize the funds to strengthen its platform across technology and team, specifically in design and growth capabilities.
It added that over the coming months, it would invest in customer success and a strong ecosystem of execution partners to help customers ranging from small- to medium-sized businesses to large enterprises. The startup, already operating in 15 cities, aims to expand its operations to the top 25 markets.
“The sector is unorganized, opaque, and so under-served, that we believe only a tech-led approach can help deliver delightful experience to workspace owners,” said Tushar Mittal, Founder and CEO, OfficeBanao.
“With depth of experience and supplier network, the team is best placed to disrupt the existing opaque and sub-par experience that plagues the industry today,” said Rahul Taneja, Partner, Lightspeed.
