Total amount raised
₹160 Millions
Latest funding date
Location
Mistry.Store has successfully raised funds through a Seed round, attracting the interest of 12 investors, including notable names like Alok Mittal and Bharat Founders Fund. The company specializes in offering a range of home interior materials, including decorative wall panels, louvers, and flooring solutions.
Keep reading to explore the intricacies of Mistry.Store's fundraising journey and the investors backing this innovative platform.
What Is Mistry.Store?
Mistry.Store, founded in 2022, is a private company based in Haryana, India. It operates in the building material and interior design industries, offering a range of home interior materials such as decorative wall panels, louvers, modular hardware & accessories, laminates, flooring solutions, and invisible grilles.
The company, also known as Infraequity Technologies Pvt Ltd., has an employee count of 11-50 and is currently active, having raised seed funding to support its operations.
How Much Funding Has Mistry.Store Raised?
- Seed Round
- Amount Raised: $2 million
- Date: October 2022
- Lead Investors: Omidyar Network India, Waveform VC, Bharat Founders Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the growth and expansion of Mistry.Store, focusing on tech-enabled solutions for home interior professionals.
Total Amount Raised: $2 million. Current Valuation: Not publicly disclosed.
Key Investors
- Omidyar Network India
- Details: Omidyar Network India is an early-stage investment firm focused on social impact investments in India. They provide both equity investments and grants to for-profit and nonprofit organizations.
- Investment Focus Areas: Social impact investments, technology, education, financial inclusion, governance.
- Notable Investments: Otipy, Bounce, 1MG.
- Waveform VC
- Details: Waveform VC is a venture capital firm that invests in early-stage technology companies. They focus on startups with innovative solutions and high growth potential.
- Investment Focus Areas: Early-stage technology companies, innovation, high growth potential.
- Notable Investments: Specific notable investments are not mentioned.
- Bharat Founders Fund
- Details: Bharat Founders Fund supports early-stage startups in India, typically founded by experienced entrepreneurs. They aim to foster innovation and growth in the Indian startup ecosystem.
- Investment Focus Areas: Early-stage startups, experienced entrepreneurs, innovation.
- Notable Investments: Specific notable investments are not mentioned.
- Maninder Gulati
- Details: Maninder Gulati is the Chief Strategy Officer at OYO, a leading hospitality company. He is also an active angel investor in the technology and hospitality sectors.
- Investment Focus Areas: Technology, hospitality.
- Notable Investments: Likely involved in investments related to OYO.
- Vasant Sridhar
- Details: Vasant Sridhar is the Co-founder of OfBusiness, a B2B commerce company. He is known for his expertise in the B2B sector and technology investments.
- Investment Focus Areas: B2B commerce, technology.
- Notable Investments: Likely involved in investments related to OfBusiness.
What's Next for Mistry.Store?
With the recent seed funding of $2 million, Mistry.Store is poised to capitalize on the growing demand for tech-enabled solutions in the home interior materials sector. The company aims to simplify the purchase of building materials, connecting architects, interior decorators, and contractors with homeowners, primarily in the Delhi (NCR) region. This presents a significant opportunity for expansion and market penetration.
As Mistry.Store scales its operations, future fundraising rounds are likely, given the involvement of prominent investors like Omidyar Network India and Waveform VC. These investors not only provide financial backing but also strategic guidance, which could attract further investments. However, the company will need to navigate challenges such as competition from established players and maintaining service quality during rapid growth.
Use Clay to Get Funding Data
Sales professionals, leverage Clay’s platform to access comprehensive fundraising data on companies like Mistry.Store and gather other critical business insights. Sign up for free to start unlocking valuable information today.
