Bengaluru, NFAPost: iDesign.Market, a Software as a Service (SaaS) startup catering to Interior and Construction Companies, has successfully raised $200,000 in a pre-seed funding round. The investment comes from prominent entities such as Jaipur Rugs, and a consortium of angel investors to a captable that already includes PropTech experts such as Brigade REAP.
The capital infusion will be utilized to bolster the company’s technological infrastructure, expand the talent pool, and fuel its overall growth trajectory.
Established in 2022 by Ashish Dhingra and Sunil Bhakuni, iDesign.Market offers a user-friendly workflow management platform designed to facilitate team collaboration and streamline business operations for Interior and Construction Companies.
Jaipur Rugs Director Yogesh Chaudhary said Ashish and Sunil bring a formidable combination of domain and technology expertise to the table.
“They have demonstrated a very early solution market fit reflecting their ability to offer straightforward and efficient solutions to an industry known for its complexity and disorganization. With digital transformation on the rise we firmly believe that iDesign.Market will play a pivotal role in transforming the interior and construction ecosystem in India and internationally,” said Jaipur Rugs Director Yogesh Chaudhary.
Brigade REAP Director Nirupa Shankar said this is a well-earned validation for iDesign.Market that is addressing some long-standing inefficiencies and technology gaps in the Interior and Construction industry.
“The ecosystem is going through a significant transition from an unorganized fragmented market to rapid digital adoption which will grow manifold in years to come. Brigade REAP is the acceleration and investment arm of the real estate developer Brigade Group that focuses on start-ups in the PropTech and ClimateTech space,” said Brigade REAP Director Nirupa Shankar.
iDesign.Market’s enterprise version of the SaaS platform has already garnered significant adoption among leading Design & Construction companies, including Magppie Kitchens, Essentia Environments, and Alsorg India. The company reports a steady monthly growth rate of 25 percent in user acquisition, according to its official statement.
