Design Cafe, a Bengaluru based online home interior design platform, raised Rs 200 crore in a series B round of funding led by WestBridge Capital with participation by existing investor Fireside Ventures.
The newly raised funds will be used to geographically expand operations into six more regions including Mumbai, Delhi-NCR and Hyderabad.
In July last year, the startup had raised undisclosed amount from Fireside in its second round of funding.
Founded by architects, Shezaan Bhojani and Gita Ramanan in 2015, who bring more than two decades of national and international design experience to the table, Design Cafe has designed and built almost 1000 homes across the country.
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The startup is backed by Kanwaljit Singh (ex-MD of Helion Ventures), The Salarpuria group through Apurva Salarpuria and other HNI’s.
Commenting on the funding, Sandeep Singhal, Managing Partner, Westbridge Capital, said, “We have been impressed with Design Cafe’s rapid scaling up and initial success. Their high customer satisfaction rate is an excellent achievement and is a testimony to the company’s deep domain expertise in this sector, hard work and good business judgment. We are thrilled to have the opportunity to partner with Design Cafe in their journey of taking the business to even greater heights and building a marquee brand in home design services and products.”
Bangalore based, boutique Investment Bank Sprout Capital Advisors LLP was the exclusive financial advisor on the transaction.
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“We are very pleased to have Westbridge, one of the leading PE investors in India, join the Design Cafe team. We are also excited to strengthen our already close relationship with existing investor Fireside Ventures, who is also participating in this round. These investors share our long-term mindset and align with our values and we are thrilled to have them join us in our journey to script the next chapter of Design Café,” said Shezaan Bhojani, co-founder, Design Café.
Fireside is a focused early-stage investment platform for consumer brands. Anchored by a slew of marquee investors, including Premji Invest, Westbridge Capital, Mariwala Family Office, Unilever Ventures, Emami Ltd., RP-Sanjiv Goenka Family Office, Sunil Munjal’s Hero Enterprise Investment Office and ITC, Fireside manages a corpus of Rs 3,400 crore to be invested in exciting consumer brand startups in multiple rounds, from Seed to Series A funding.
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