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. Its primary sector is Home Improvements. In India, the Home Improvements sector has seen $16.4M in funding in 2026 to date.

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 175 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 ScrollHub. Among them, Material Depot secured the most recent funding round in December, 2025.

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

Material Depot is a series A company based in Bengaluru (India), founded in 2022 by Sarthak A, Manish Reddy and Ravindar Reddy Guduru. It operates as an Online platform offering a digital material library for discovering and sourcing materials for home decor and construction projects. Material Depot has raised $14.1M in funding from investors like Y Combinator, Accel and Stellaris, with a current valuation of $*****. The company has 175 active competitors, including 6 funded and 1 that has exited. Its top competitors include companies like IBO, Khidki Homes and ScrollHub.

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 175 active competitors

Annual Revenue

₹14.7Cr as on Mar 31, 2025

Employee Count

69 as on Aug 31, 2025

Similar Companies

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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	$860K (As on Mar 31, 2025)	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:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Dec 23, 2025	1246363	Series A	8964309	2581419	2346507	5780523
Dec 12, 2024	5969945	Series A	8309633	6962624	4225552	Whiteboard Capital & 10 more
Mar 29, 2022	6467955	Seed	6405943	6901742	Y Combinator	3037661

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View details of Material Depot's funding rounds and investors

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

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

Sarthak A: Co-Founder of Material Depot.
Manish Reddy: Co-Founder of Material Depot and founder of 1 other company.
Contact Info: 2 email addresses
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 ScrollHub. 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	Z47, Accel & 23 others	57/100
2nd	IBO 2020, Bengaluru (India), Seed	B2B platform offering home-building and improvement products	$539K	Konark Trust, MMPL Trust & 1 others	50/100
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	ScrollHub 2017, Delhi (India), Unfunded	Online retailer of home improvement products	-	-	43/100
5th	GoodHome 2022, Delhi (India), Seed	App based e-distributor platform for furniture	$700K	Foundamental, Axilor Ventures & 21 others	40/100
6th	Hip Couch 2016, Mumbai (India), Seed	B2B Marketplace for custom made and modular furniture	$700K	-	39/100
7th	FabFurnish 2012, Gurugram (India), Acqui-Hired	Online/Offline Furniture Shopping	-	TEV Ventures	39/100
8th	Home4U 2016, Gurugram (India), Unfunded	Online retailer offering multi-category home improvement products	-	-	38/100
9th	Zirise 2019, Delhi (India), Unfunded	E-commerce company specializing in multi-category home improvement products	-	-	38/100
10th	Creaticity Online 2020, Pune (India), Unfunded	Online retailer offering multi-category home improvement products	-	-	37/100

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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	9698441	7302679	8646976	9355735
Sarthak A	6506818	5008351	6797290	3410738	1532938	8224536
Manish Reddy	9681774	4472765	6059788	8315891	9925140	5612604
Fund	47.62%	171Cr	4809309	3765701	5410094	2692147
Stellaris	1413263	4907246	4661494	4704424	3750637	8643961
Accel	1896746	8810152	3934500	1314560	3606527	4409619
Whiteboard Capital	6980453	1917543	4114896	7794288	5267094	9047052
Y Combinator	9625	8889	4950	1507	8900	5904
Enterprise	0.13%	45L	0	0	0	0
Angel	0.38%	1.37Cr	0	0	0	0
ESOP Pool	6.06%	21.8Cr	342150	419212	325758	944812
Total	100.00%	360Cr	8242983	9854844	3464560	8377570