Startup Officebanao raises $4 mn to expand biz

New Delhi: Real estate startup Officebanao, a commercial interiors platform, has raised nearly $4 million (approximately Rs 35 crore) from investors to expand its business.

Delhi-NCR-based Officebanao is engaged in interior design and fit-outs of commercial real estate, including office and retail spaces. In a statement on Sunday, the company said it has completed a $7.7 million fundraising, valuing the company at $70 million post-money.

The round, led by existing investor Lightspeed with participation from Mangum II and Medra Family, was structured across two tranches: a $3.85 million infusion in May-June last year, followed by a second $3.85 million tranche in January-February 2026.

OfficeBanao had earlier raised $6 million in seed funding from multi-stage venture capital firm Lightspeed in 2023.

Officebanao also said that its founder and CEO Tushar Mittal has acquired equity stakes of co-founders Akshya Kumar and Divyanshu Sharma, as they are moving on to pursue independent ventures.