Real Estate Startup Officebanao Raises Nearly $4 Million to Expand Business

Real estate startup Officebanao has raised nearly $4 million from investors to expand its business. 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.

Tushar Mittal, Founder and CEO of Officebanao, said, “Our ambition is to build the operating system for commercial interiors in India. Every design decision, every material procurement, every contractor assignment, every quality check – all connected, all data-driven, all transparent. That’s what transforms a services business into a scalable platform.”

The story also lands in a European market that is rethinking how office space is delivered, upgraded, and managed. Across Europe, landlords and occupiers are under pressure to make workplaces more efficient, higher quality, and better aligned with sustainability requirements, while also managing elevated refurbishment and fit-out costs.

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