Commercial interiors platform Officebanao has completed a $7.7-million fundraise, cementing its position as the category leader in a sector ripe for technological transformation.

The round, led by existing investor Lightspeed with participation from Medra Family Office and others, was structured across two tranches, across June 2025 and January 2026.

Founded in 2023, Officebanao has grown from ₹22 crore in revenue (FY23) to ₹225 crore (FY26), growing at over 115 percent CAGR in a capital efficient manner. The company is on track for EBITDA break-even in 2026.

The company has now been executing complex, scaled office projects across 25 cities and has delivered this growth sustainably with the leverage of a tech-driven operating model, rather than simply acquiring topline at the expense of unit economics. The tech-led platform also enables it to deliver reliability in a sector historically plagued by delays, cost overruns, and opacity.

India’s interior design market is projected to reach $35 billion in 2026, growing at a robust 13 percent CAGR, with commercial projects accounting for the dominant share. The commercial fit-out sub-segment alone, encompassing office spaces, co-working facilities, retail outlets, and institutional projects, represents a multi-billion dollar opportunity that remains overwhelmingly unorganized.

What sets Officebanao apart from traditional commercial interior firms is its integrated technology stack, purpose-built for the complexities of design-and-build projects. The platform’s proprietary technology suite includes an ERP system that replaces the spreadsheet-driven project management endemic to the industry, a technology layer that integrates with design tools for real-time design collaboration, and a 3D visualisation engine capable of rendering thousands of design options for any given space in seconds.

The company is now investing heavily in its next-generation platform, with plans to deploy AI and machine learning across the project lifecycle—from automated design generation and intelligent procurement matching to predictive project scheduling and quality monitoring. This technology-forward approach not only improves the customer experience but creates powerful network effects: as more projects flow through the platform, the system becomes smarter, faster, and more cost-efficient.

“Our ambition is to build the operating system for commercial interiors in India. Every design decision, every material procurement, every contractor assignment, every quality check—all connected, all data-driven, all transparent. That’s what transforms a services business into a scalable platform”, explained Tushar Mittal, founder and CEO.

Over the last year, the company has further strengthened its leadership team with the addition of Payal Kapoor (Director- Design), Ashish Malhotra (Business head – North), Sanchit Gupta (Head of Operations), Sahil Bindal (Head of Engineering), Saurabh Nagar (NCR enterprise projects) and Vivek Pandit (Business head – South). Two early leaders – Divyanshu Sharma and Akshya Kumar have transitioned out of the company.

“As Officebanao enters its next chapter, it demands a very different kind of leadership across technology, large-scale operations, and enterprise go-to-market. We’ve brought together a team of seasoned leaders who have built and scaled category-defining businesses. In addition to bringing technology in this sector, we have also brought trust, and this combination will take the company to new heights.” said Tushar.

Tushar is a serial entrepreneur and an alumni of HBS.