The Hyderabad-based interior designing technology startup, Renderlogy has raised INR 10 Cr. in series-A funding from Brick Eagle. Brick Eagle is a financial services platform for the affordable housing industry.
The company will use the funds to expand its service offerings and foray into six new cities of Bangalore, Delhi, Chennai, Mumbai, Raipur and Jaipur. The company currently offers its online decor solutions in Hyderabad and Pune.
Speaking on the development, Shailesh Goswami, founder & CEO at Renderlogy said, “The company will foray into six new cities of Bangalore, Delhi, Chennai, Mumbai, Raipur and Jaipur.”
“We are also planning to raise another INR 30 Cr. through a series-B funding at the end of the year in which Brick Eagle has already evinced interest. We will require additional funding of INR 200 Cr over the next two years,” he added.
Goswami, an alumnus of IIT-Delhi and former director at Microsoft, founded Renderlogy in 2014. It offers technology enabled experiences, visualisations and solutions for the builders, suppliers and consumers. The company has also developed in-house, a patent-pending ‘Interiors definition technology’ based on which it is planning to launch a B2C (business-to-customer) interior designing portal.