Design Cafe, a Bengaluru-based home interior solutions firm, announced on Monday that its newest round of funding raised a total of $25 million (Rs 166 crore). Existing investors WestBridge Capital and Sixth Sense Ventures lead the financing. The funds would be used for additional city growth, including Rs 50 crore raised earlier as part of a Series B round extension.
Along with a few family offices, early investor Fireside Ventures took part in this round.
The funds will be used to grow the startup’s reach across India, with the goal of being present in the top 10 Indian cities within the next 18 months.
Speaking on the development, Kanwaljit Singh, Managing Director Fireside Ventures, said:”Design Café was an early entrant in the space of creating designer homes with a touch of exclusiveness and class. Home has now become the centre of work and family life and this is where every consumer is looking for the best options when it comes to doing up their dream homes, this is the edge that the founders have focused on. We are confident that the need for good homes is here to stay forever and the fact that Design Café blends all aspects of home design with tech, is why they have grown and built their large client base across India.”
Shezaan Bhojani, CEO and Co-founder, Design Cafe, said, “The funds raised will allow us to take our highly rated services and products to more markets and invest further in technology and people.”
“We believe that home interiors and improvement is a very large opportunity in India, and the problems that Design Cafe addresses are real consumer need today. We’ve been part of their journey for the past few years and have high confidence in the team to create an industry-leading brand for home interiors,” added Sandeep Singhal, Co-founder and Managing Director, WestBridge Capital.