Material Depot Raises $10M Series A to Expand Physical Experience Centres and Tech Stack

Home interiors procurement startup has raised $10 million in a Series A funding round co-led by Accel and Stellaris Venture Partners. The Bengaluru-based company combines a digital material catalog with offline experience centres to help homeowners, architects, and designers discover and source interior building materials.

Founded in 2021 by and , is addressing friction in the $14 billion Indian home interiors market, where product selection historically involved navigating fragmented offline catalogues, vendor coordination, and unstandardized pricing.

Digital Discovery and Low-MoQ Supply Chain

builds a digital library covering over 300,000 materials across categories including tiles, laminates, wall panels, wallpapers, quartz, plywood, and wooden flooring. The platform incorporates image recognition tools and a digital mood board feature, allowing designers to source materials directly from manufacturers and embed specific finishes into project designs.

To power its web and mobile products, the company operates on a MERN stack backbone and uses Flutter for mobile development. Private-label brands account for approximately 60% of its total product portfolio. The platform combines these digital curation tools with an agile, low minimum order quantity (MoQ) supply chain designed to accelerate material delivery to Indian homeowners.

Leadership

Co-founder previously worked at Boston Consulting Group in India and the United States for 3.5 years, advising infrastructure and technology clients. Prior to BCG, Reddy was involved with his family's 30-year-old electrical contracting business. He founded alongside after graduating from Y Combinator's W22 batch.

Funding and Expansion Plans

As reported by Indian Startup News, the $10 million Series A round included participation from Whiteboard Capital, DeVC, Soma Capital, MyAsiaVC, and angel investors such as Livspace co-founder Ramakant Sharma, BharatPe co-founder Shashvat Nakrani, and Curefoods founder Ankit Nagori.

currently operates three Experience Centres in Bengaluru and has served over 15,000 customers. According to The Economic Times B2B, the company plans to use the new capital to strengthen its technology stack across supply chain management, inventory planning, and in-store assisted selling. As noted by Entrackr, the company plans to expand to more than 30 Experience Centres across multiple cities over the next 12 to 18 months, aiming to serve over 50,000 customers.

Hiring Focus

To support its offline store rollout and digital growth, is hiring across marketing, design, and business development. Remote positions include a Performance Marketing Associate to manage digital acquisition and a Content designer for product communication.

In Bengaluru, the company is building out its physical store and design ops teams with roles such as an Architectural Content Strategist, a Graphic Design | Visual Story teller, a Pre-sales Business Development Executive, and a Business Development Manager.

Open Roles

See all open roles at Material Depot