The investment round was led by investors like Jaipur Rugs and a consortium of angel investors like Brigade REAP
Delhi-based iDesign.Market, a Software as a Service (SaaS) start-up, which claims to cater to interior and construction companies, has raised Rs 1.65 crore in a pre-seed funding round.
The investment round was led by investors like Jaipur Rugs and a consortium of angel investors like Brigade REAP.
The company will utilise the newly infused fund to bolster its technological infrastructure and expand its talent pool. Additionally, it will also fuel its overall growth trajectory.
Established in 2022 by Ashish Dhingra and Sunil Bhakuni, iDesign.Market claims to offer a user-friendly workflow management platform designed to facilitate team collaboration and streamline business operations for Interior and Construction Companies.
"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, Yogesh Chaudhary, Director at Jaipur Rugs.
“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,” Nirupa Shankar, director, Brigade REAP.
This collaboration aims to offer customized investment plans aligned with the financial objectives of doctors and healthcare professionals
The government-backed e-commerce body believes that this development will help small and medium enterprises to access the larger market to sell their products
The Indian edtech major has also accused the investment firm of leading a group of lenders to play predatory tactics against the company