OfficeBanao Raises ₹34.8 Crore to Scale Tech-Driven Workspace Interior Solutions

Workspace interiors startup OfficeBanao has raised ₹34.8 crore (approximately $3.76 million) in a fresh funding round led by existing investor Lightspeed, with participation from investment firm Mangum II LLC and the Medra Family. The investment marks another important step in the company’s growth as it continues to build a technology-led platform for designing and managing modern workspaces.

According to the company’s filings with the Ministry of Corporate Affairs (MCA), the board approved the issuance of 45,472 pre-Series A2 non-cumulative compulsorily convertible preference shares (CCPS) at a price of ₹7,654 per share. The shares were issued in two tranches as part of the funding round.

In the allotment, Lightspeed India Partners III and LS Opportunities Access Fund each received shares worth ₹10.62 crore, reaffirming Lightspeed’s continued confidence in the startup’s business model. Meanwhile, Mangum II LLC invested ₹9.04 crore, while the Medra Family participated with an investment of ₹4.52 crore.

Founded in 2022 by Tushar Mittal, Akshya Kumar, and Divyanshu Sharma, OfficeBanao aims to simplify and modernize the process of building and managing office spaces. The startup provides a technology-driven platform that helps businesses design, create, maintain, and manage workspaces more efficiently.

As organizations continue to evolve their workplace strategies in a post-pandemic world, there is growing demand for flexible, efficient, and well-designed office environments. OfficeBanao addresses this need by combining technology, project management, and design expertise to deliver customized workspace solutions for companies of all sizes.

The platform allows businesses to streamline the entire office interior process, from planning and design to execution and ongoing workspace management. By leveraging data, automation, and standardized workflows, OfficeBanao aims to reduce project timelines and costs while ensuring high-quality results.

The newly raised capital will help the company expand its operations, strengthen its technology infrastructure, and scale its service capabilities. OfficeBanao is also expected to invest in building stronger partnerships with contractors, designers, and suppliers to improve service delivery across multiple cities.

India’s commercial real estate and workspace solutions market is undergoing rapid transformation as companies increasingly prioritize employee productivity, collaborative environments, and modern office infrastructure. Technology-led platforms like OfficeBanao are emerging as key enablers in this shift.

With strong investor backing and a clear focus on innovation, OfficeBanao is positioning itself to become a leading digital platform for workspace design and management, helping businesses build smarter and more efficient work environments in the evolving future of work.