Design Cafe Raises Rs 40 Crore Funding From Westbridge Capital, Mirabilis Investments
03/29/23, 12:41 AM
Location
bengaluru
Money raised
₹400 million
Round Type
seed
Home interior solutions startup Design Cafe has raised Rs 40 crore, led by private equity fund WestBridge Capital, Mirabilis Investment Trust and venture debt fund Alteria Capital. This funding tops up its $25 million round in September 2021.WestBridge Capital is an existing investor in the startup.Other existing investors Sixth Sense Ventures as well as Design Cafe’s founders Shezaan Bhojani and Gita Ramanan also participated in the latest round.The round is a mix of equity and debt with most of the capital raised through equity, cofounder Bhojani told ET without disclosing the valuation of the company.Design Café was valued at $96.5 million as of August 2022, data sourced through business intelligence platform Tracxn showed.Discover the stories of your interestBlockchain5 StoriesCyber-safety7 StoriesFintech9 StoriesE-comm9 StoriesML8 StoriesEdtech6 StoriesThe company competes with Goldman Sachs-backed Livspace and Accel-backed Homelane.“Essentially, what we are doing is that it is an extension of the last round,” said Bhojani. “We are making sure that there is a 36-month runway. The idea is to have enough capital in the bank till you get profitable.”He said the company would become profitable next year and that it was already making an operating profit in all the nine cities that it was present in.The startup has two offerings, a premium solution for about Rs 8 lakh and a budget home interior solution under the brand name Qarpentri
Company Info
Location
bengaluru, karnataka, india
Additional Info
DesignCafe, a recognized soonicorn, is India's best Home Interior Designs' solutions' company, was founded in Bangalore, and is now present in more than 10 Indian cities.
DesignCafe was founded with a mission to democratize good interior design solutions for middle-class homemakers in India. We believe Indian homeowners deserve best-in-the-world, Home Interiors' Solutions', and WE at DesignCafe will be at the forefront to deliver it. DesignCafe is expanding its footprint across the country, to ensure this change is accessible to everyone, irrespective of their project's size, budget or location.
We've changed the way Home Interiors are designed & executed, just walk into our nearest experience center in Bangalore, Mumbai, Hyderabad, Chennai, Coimbatore, Mysore or Pune or visit www.designcafe.com to see how we deliver designer homes, personalized to every homeowner.
DesignCafe is a winner of multiple awards including the ET and Times Now Innovative company of the year and the TOI Interior designer of the year award.
DesignCafe was founded in 2015, by award-winning architects & designers Gita Ramanan and Shezan Bhojani, who together bring more than three decades of national and international design experience to the table. A pair of workaholic entrepreneurs, they are both Innovators and Magicians alike and are driven to bring the power of design to millions of lives.