Interior Design Startup Design Cafe Raises Additional $25 Mn In Series B To Fund Expansion

Interior Design Startup Design Cafe Raises Additional $25 Mn In Series B To Fund Expansion

SUMMARY

The startup plans to use the funds to expand its presence in the top 10 cities, including new places such as Chennai and Thane, and its existing market base in Delhi, Mumbai and Hyderabad and product expansion & hiring

The home improvement and interior design startup is eyeing the $20 Bn unorganised and fragmented industry which also consists of competitors such as Livspace, MS Dhoni-backed Homelane among others

Design Cafe had previously raised $28.5 Mn (INR 200 Cr) in 2018, taking the total Series B round funding to $53.5 Mn (INR 366 Cr)

Bengaluru-based online interior design startup Design Cafe has raised an additional $25 Mn (about INR 166 Cr) in its extended Series B round, led by existing investors WestBridge Capital and Fireside Ventures. Sixth Sense Ventures and new family offices also participated in the round, taking the total series B funding to $53.5 (about INR 366 Cr).

The funds will be utilised to expand its presence in the top 10 cities including new places such as Chennai and Thane, and its existing market base in Delhi, Mumbai, Hyderabad. The startup plans to grow its gross annual booking rate to INR 600-700 Cr over the next 24 months, with more focus on its growth in the Home segment.

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