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§ Private Profile · Bangalore, India
India's Fastest Growing Home Decor destination for Floor & Wall Decor
Material Depot has raised $10.0M across 1 funding round.
Key people at Material Depot.
Material Depot was founded in 2021 by Manish Reddy (Founder) and Sarthak Agrawal (Founder).
Material Depot has raised $10.0M in total across 1 funding round.
Material Depot is reimagining home interiors for the next generation of Indian homeowners. We bring design-forward materials: tiles, laminates, wall panels & more - straight from manufacturers to customers, cutting out the old, broken supply chain. Our online engagement fuels real-time trend insights, enabling us to launch new designs faster, in smaller batches, and at unbeatable prices. The result: beautiful homes built smarter, quicker, and more affordably. With over 10,000 homes served and a rapidly growing digital-first ecosystem, Material Depot isn’t just selling materials:we’re building the future of how India designs and lives.
Material Depot is a Bengaluru-based startup founded in 2021 by Manish Reddy and Sarthak Agrawal, focused on transforming the home interiors market in India by offering a digital-first platform for floor and wall decor materials such as tiles, laminates, and wall panels. It serves architects, interior designers, and homeowners by providing direct access to manufacturers, cutting out intermediaries to offer better prices, faster delivery, and trend-responsive product launches. With over 10,000 homes served and a rapidly growing ecosystem of 30,000+ professionals, Material Depot is redefining how premium interior materials are discovered, sourced, and delivered, driving smarter, quicker, and more affordable home design[1][2][3].
The company’s mission is to become India’s largest tech company in the Architecture, Engineering, and Construction (AEC) space by democratizing access to materials and streamlining the supply chain through technology. Their investment-backed growth (including funding from Y Combinator, Accel, and Whiteboard Capital) and $5M annualized revenue reflect strong market traction and profitability, positioning them as a key player in a ₹100,000 crore industry[1][2][4].
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Material Depot was founded in 2021 by Manish Reddy, who has a background in management consulting with Boston Consulting Group (BCG) in India and the USA, and experience in his family’s electrical contracting business, and Sarthak Agrawal. The idea emerged from the founders’ insight into the fragmented and inefficient supply chain in the Indian home decor and construction materials market. They envisioned a digital platform that would simplify material discovery and procurement for architects, designers, and homeowners by aggregating a vast library of products and enabling direct manufacturer access. Early traction came from building a comprehensive online catalog and workflow tools, quickly gaining adoption among over 30,000 professionals and 10,000+ homes[1][3].
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Material Depot rides the wave of digital transformation in the traditionally offline and fragmented Indian construction and home decor market. The timing is critical as rising urbanization, increasing home ownership, and growing design awareness fuel demand for premium, accessible interior materials. Market forces such as the shift to online procurement, demand for customization, and the need for supply chain transparency favor Material Depot’s platform approach. By integrating technology with deep industry knowledge, Material Depot is influencing the broader ecosystem by setting new standards for material discovery, procurement efficiency, and design innovation in India’s ₹100,000 crore home interiors sector[1][2][4].
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Material Depot is poised for continued growth as it expands its product offerings, deepens its technology capabilities, and scales its community of design professionals. Future trends shaping its journey include increased adoption of AI-driven design tools, greater demand for sustainable and customized materials, and further digitization of the AEC supply chain. As it matures, Material Depot’s influence is likely to extend beyond home decor into broader construction tech, potentially becoming a foundational platform for India’s built environment. Its mission to democratize and digitize material sourcing aligns well with global shifts toward smarter, more sustainable building practices, positioning it as a key innovator in India’s evolving tech and design landscape[1][2][4].
Material Depot was founded in 2021 by Manish Reddy (Founder) and Sarthak Agrawal (Founder).
Material Depot has raised $10.0M in total across 1 funding round.
Material Depot's investors include Accel, Stellaris Venture Partners, Abhiroop Jayanthi, Abhishek Goyal, Ankit Nagori, DeVC, MyAsiaVC, Niraj Singh, Ramakant Sharma, Saurabh Jain, Shashvat Nakrani, Soma Capital.
Key people at Material Depot.
Material Depot has raised $10.0M across 1 funding round. Most recently, it raised $10.0M Series A in February 2026.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Feb 5, 2026 | $10M Series A | Accel, Stellaris Venture Partners | Abhiroop Jayanthi, Abhishek Goyal, Ankit Nagori, DeVC, MyAsiaVC, Niraj Singh, Ramakant Sharma, Saurabh Jain, Shashvat Nakrani, Soma Capital, Vineet Khanna, Whiteboard Capital | Announced |
