Bengaluru-based home interior solutions brand DesignCafe has raised a follow-on Series B round of funding of Rs 40 crore, led by marquee private equity fund WestBridge Capital, Mirabilis Investment Trust  along with venture debt fund Alteria Capital. 

Existing investors Sixth Sense Ventures as well as DesignCafe’s founders Shezaan Bhojani and Gita Ramanan also participated in this round. 

"This round is an affirmation of the many decisions we have made to build a profitable and scalable business in the home interior and decor segment. In the last year, we have made significant progress towards profitability. Our margins have increased significantly and we are operationally profitable across all cities” Shezaan Bhojani, Co-founder and CEO, DesignCafe said.

“This round will help us take both our brands to newer markets across India, as we continue to deliver 60-70% CAGR growth annually. More importantly, with improving EBITDA numbers we expect to soon be profitable, it is with great confidence that we as founders also decided to re-invest in the company at this stage,” he added.

DesignCafe launched in 2015, with a mission to democratise great home interior design and provide a hassle-free and affordable experience to Indian homeowners. The company is currently operational in ten Indian cities and is rapidly expanding. 

“With the continued support of our existing investors and interest from new partners combined with the hard work and passion of the team at DesignCafe, we have been able to take our offering across India to over 10,000 homeowners, " Gita Ramanan, DesignCafe he commented.