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OfficeBanao, a revolutionary real estate startup, has successfully secured funding from a group of esteemed angel investors, which includes the notable figures of former Meta India MD Ajit Mohan and former Colliers India CEO Ramesh Nair. The exact amount of the funding remains undisclosed, but the implications of this financial support are significant for OfficeBanao's ambitious growth plans. In a statement, OfficeBanao announced that it has secured angel investment from prominent industry leaders. Ajit Mohan, the former CEO of Hotstar and MD of Meta India, along with Ramesh Nair, the former CEO of Colliers India, and Apurva Chamaria, Head of Partnership Solutions at Google India, have contributed undisclosed funds to the company's growth.
OfficeBanao, based in Gurugram, is a pioneering workspace interior platform that aims to disrupt the highly competitive market with its comprehensive and end-to-end service offerings. The start up has quickly garnered attention and recognition for its innovative approach and unwavering commitment to excellence. With this fresh injection of funding, OfficeBanao is poised to propel its expansion efforts to new heights. The funds will be strategically allocated to further enhance the cutting-edge technology-driven platform, accelerate the development of innovative products, and fuel the expansion of its talented workforce. This infusion of capital will enable OfficeBanao to solidify its position as a market leader and continue to provide unparalleled services to its clients.
OfficeBanao's platform caters to a wide range of professionals in the industry, including designers, architects, contractors, and office furniture and material suppliers. It offers a comprehensive array of commercial interiors, catering to projects of various scales, from small office setups with a budget of Rs 10 lakh to large-scale enterprises with investments exceeding Rs 5 crore. The versatility and adaptability of OfficeBanao's offerings make it a go-to platform for all workspace interior needs. The real estate and proptech industries in India have been witnessing remarkable growth, with significant private equity funding pouring in. According to data from Housing.com, proptech companies in India have received a staggering total of USD 3.42 billion in private equity funding between 2009 and June 2022. This influx of investment is a testament to the immense potential and opportunities within the sector.
OfficeBanao's recent funding success is part of this larger trend, where investors recognize the innovative solutions and disruptive potential of proptech startups. This funding round mirrors the success of other proptech startups, like Reloy, which recently obtained Rs 7.2 crore in a pre-series A2 funding round with the support of HDFC Capital. Existing investors, along with new backers including BlueLotus VC and Dream Green Capital, joined the funding round, demonstrating strong investor confidence in the venture. These investments highlight the confidence and belief in the transformative power of technology in the real estate industry.
As OfficeBanao embarks on its journey of expansion and innovation, it remains steadfast in its mission to redefine the workspace interior market. By leveraging technology, embracing creativity, and delivering exceptional services, OfficeBanao aims to shape the future of office spaces by creating environments that inspire productivity, collaboration, and success.
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