Fireside Ventures, founded by Kanwaljit Singh, former managing director of Helion ventures has invested multi-million-dollar in online interior design company, Design Cafe. In the last 18 months, this is company’s second round of funding.

Apurva Salarpuria, founder of Salarpuria Group of Companies, Sidharth Pansari, an angel investor and Sprout Capital, a micro venture capital fund also participated in the round.

The Bengaluru- based company plans to infuse freshly raised funds to expand to other cities, including Mumbai and Delhi.

Commenting on the development, Kanwaljit Singh, MD, Fireside fund said, "Design Cafe is building a strong brand based on its innovation and design processes that are merged with technology to create contemporary new solutions that are relevant. The unparalleled growth is a confirmation of the idea by this futuristic venture.”

Founded in 2011 by Gita Ramanan and Shezaan Bhojani, Design Cafe offers an online customised design and decor solution to consumers. It has 100 employees which includes a technology team, designers and site engineers based out of Bengaluru. According to Bhojani, company had seen an unprecedented 300% growth in revenue over the last 12 months making 20 crores in revenue. He further adds that company expects to achieve over 100 crores in revenue over the next 24 months. The firm has an experience centre in Whitefield and is opening another one on Church Street in Bengaluru.

"The interior design industry has largely been offline and disorganised. Middle-class homeowners with houses priced between the range of Rs 75 lakh to Rs 1.5 crore have lacked access to designers and innovation in interior decor. We are targeting that segment," said Shezaan Bhojani, Managing Director, Design Cafe.

Other players in the space include, Livspace, a home interior design marketplace backed by Bessemer Venture Partners, Homelane.com, backed by Sequoia Capital to name few.

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