When was Material Depot founded?

Material Depot was founded in 2022 and raised its 1st funding round within a year of its incorporation.

Where is Material Depot located?

Material Depot is headquartered in Bengaluru, India. It is registered at Flat No.101, Plat no.71, Megha hills Madhapur, Hyderabad, Hyderabad, Telangana, India, 500081.

Which legal entities is Material Depot associated with?

Material Depot is associated with MDEPOT RETAIL TECHNOLOGIES PRIVATE LIMITED and 1 other.

How many employees does Material Depot have?

As of Aug 31, 2025, the latest employee count at Material Depot is 69.

Is Material Depot a funded company?

Material Depot is a funded company, having raised a total of $14.1M across 4 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Feb 16, 2022.

How much is Material Depot worth?

The latest valuation of Material Depot is $***** as of Dec 23, 2025.

When was the latest funding round of Material Depot?

Material Depot's latest funding was a $***** Series A round on Dec 23, 2025, with participation from 14 investors.

What is the annual revenue of Material Depot?

Annual revenue of Material Depot is ₹14.7Cr as on Mar 31, 2025.

Where does Material Depot rank among its competitors?

Material Depot ranks 1st amongst 173 active competitors, of which 6 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was Material Depot, which secured $10.1M in Dec, 2025.

Who are the top competitors of Material Depot?

Material Depot's top competitors include IBO, Khidki Homes and Hip Couch. Among them, Material Depot secured the most recent funding round in December, 2025.

Material Depot - 2026 Company Profile, Team, Funding, Competitors & Financials

Company Details

Online platform offering a digital material library for discovering and sourcing materials for home decor and construction projects. It is a digital material library that offers a wide range of design-forward materials for home interiors, including tiles, laminates, and wall panels. It aims to reimagine home interiors for the next generation of Indian homeowners, providing a convenient and accessible platform for material sourcing. By leveraging technology, it aims to revolutionize the home decor industry.

Website: materialdepot.com
Social
Email ID: *****@materialdepot.in
Phone Number: +91 **********
Registered Address: Flat No.101, Plat no.71, Megha hills Madhapur, Hyderabad, Hyderabad, Telangana, India, 500081

Key Metrics

Founded Year

2022

Location

Bengaluru, India

Stage

Series A

Total Funding

$14.1M in 4 rounds

Latest Funding Round

Series A, Dec 23, 2025, $*****

Post Money Valuation

$***** as on Dec 23, 2025

Investors

Y Combinator & 24 more

Ranked

1^st among 173 active competitors

Annual Revenue

₹14.7Cr as on Mar 31, 2025

Employee Count

69 as on Aug 31, 2025

Similar Companies

Homzmart & 225 more

View Material Depot's full profile

Material Depot is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
ALL BUILDING MATERIALS TECHNOLOGIES PRIVATE LIMITED CIN: U72900TG2020PTC144147 , India, Active	Sep 22, 2020	$1.65M (As on Mar 31, 2024)	48 (As on Mar 01, 2025)
MDEPOT RETAIL TECHNOLOGIES PRIVATE LIMITED CIN: U62099TS2024PTC182178 , India, Active	Feb 14, 2024	$1.75M (As on Mar 31, 2025)	69 (As on Aug 01, 2025)

Material Depot has raised a total funding of $14.1M over 4 rounds. Its first funding round was on Feb 16, 2022. Its latest funding round was a Series A round on Dec 23, 2025 for $*****. 14 investors participated in its latest round. Material Depot has 12 institutional investors and 13 angel investors.

Here is the list of recent funding rounds of Material Depot:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Dec 23, 2025	1579265	Series A	1173460	6980785	9737431	3900222
Dec 12, 2024	8265851	Series A	4182887	4464055	4298346	Whiteboard Capital & 10 more
Mar 29, 2022	6350168	Seed	6332334	7982653	Y Combinator	4267793

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View details of Material Depot's funding rounds and investors

The founders of Material Depot are Manish Reddy, Sarthak A and Ravindar Reddy Guduru.

Here are the details of Material Depot's key team members:

Manish Reddy: Co-Founder of Material Depot and founder of 1 other company. They serve on the board of 1 company.
Contact Info: 2 email addresses
Sarthak A: Co-Founder of Material Depot. They serve on the board of 1 company.
Ravindar Reddy Guduru: Co-Founder of Material Depot.

View details of Material Depot's Founder profiles and Board Members

Material Depot's employee count trend

Material Depot has 69 employees as of Aug 25. Here is Material Depot's employee count trend over the years:

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Top competitors of Material Depot include IBO, Khidki Homes and Hip Couch. Here is the list of Top 10 competitors of Material Depot, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Material Depot 2022, Bengaluru (India), Series A	Online platform offering a digital material library for discovering and sourcing materials for home decor and construction projects	$14.1M	Accel, Z47 & 23 others	57/100
2nd	IBO 2020, Bengaluru (India), Seed	B2B platform offering home-building and improvement products	$539K	Konark Trust, WestBridge Capital & 1 others	49/100
3rd	Khidki Homes 2021, Bengaluru (India), Seed	Online platform offering building materials for professionals	$1.27M	Anicut Capital, India Quotient & 13 others	48/100
4th	Hip Couch 2016, Mumbai (India), Seed	B2B Marketplace for custom made and modular furniture	$700K	-	44/100
5th	ScrollHub 2017, Delhi (India), Unfunded	Online retailer of home improvement products	-	-	42/100
6th	Hafele India 1923, Mumbai (India), Unfunded	Provider of furniture fittings, architectural hardware, and electronic locking systems	-	-	40/100
7th	Home4U 2016, Gurugram (India), Unfunded	Online retailer offering multi-category home improvement products	-	-	38/100
8th	GoodHome 2022, Delhi (India), Seed	App based e-distributor platform for furniture	$700K	Foundamental, Axilor Ventures & 21 others	38/100
9th	FabFurnish 2012, Gurugram (India), Acqui-Hired	Online/Offline Furniture Shopping	-	TEV Ventures	37/100
10th	Oker 2023, Gurugram (India), Unfunded	Platform for shopping home improvement products	-	-	35/100

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Founders own 45.81%, Funds (largest shareholder) own 47.62%, Enterprises own 0.13% and Angels own 0.38%. The net worth of Material Depot's founders is INR 165Cr as of Dec 23, 2025.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	45.81%	165Cr	4402121	7964072	8679452	5098456
Sarthak A	1309568	3550624	7142906	2590441	1068892	8473314
Manish Reddy	2723841	9015261	2768895	3443149	2935582	6464757
Fund	47.62%	171Cr	3520631	4475056	5524310	5395376
Stellaris Venture Partners	3587765	4980825	3996822	7584495	7912994	3279014
Accel	7598931	8116535	4230086	9745306	3797147	7865940
Whiteboard Capital	7300476	6413024	8694484	2868659	5659362	8680288
Y Combinator	4987	4399	1953	6236	4149	4659
Enterprise	0.13%	45L	0	0	0	0
Angel	0.38%	1.37Cr	0	0	0	0
ESOP Pool	6.06%	21.8Cr	176751	283063	393390	917798
Total	100.00%	360Cr	8416527	3231275	6917079	1432039