CNBC TV18 · Feb 2026
Details the planned use of funds for technology, supply chain, and offline expansion, including growth from 3 to 30+ experience centres and a Bengaluru base with Hyderabad expansion next.
India's Fastest Growing Home Decor destination for Floor & Wall Decor
Company research
Public company, workplace, funding, and market signals
Overview
Material Depot is a Bengaluru-based, design-led omnichannel marketplace and retail brand for home/interior materials. It sells curated building and decor materials—tiles, laminates, plywood, sanitaryware, hardware, wallpapers, panels, quartz, wooden flooring, and more—through online discovery plus physical experience centres, targeting homeowners as well as architects, designers, contractors, and other professionals.
Primary product
Curated home/interior materials marketplace and experience-centre retail for tiles, laminates, plywood, wallpapers, panels, sanitaryware, hardware, quartz, and flooring.
Founded
2022
Headquarters
Bengaluru, Karnataka, India
Team size
100-150
Industry
Retail
Sub-industry
Home/interior materials marketplace and retail
Offices
JP Nagar, Phase 3, Bannerghatta Main Road, Sarakki Industrial Layout, Bengaluru, Karnataka 560076, India
Whitefield, Bengaluru
Yelahanka, Bengaluru
HSR Layout, Bengaluru
Hyderabad, India
Business model
Omnichannel retail
Curated marketplace
Experience-centre assisted sales
Direct sourcing from manufacturers and distributors
B2C and B2B trade sales
Funding
Stage
Series A
Total raised
$14.8M
Latest round
Series A · Feb 2026
Latest amount
$10M
People & investors
Leadership
Co-Founder
Co-Founder
Vice President
Founding Member and Tech Lead
Head of Customer Experience
Director - Growth & Retail
Work & culture
Public hiring and company posts emphasize execution-first, high ownership, teamwork, passion, and customer-first building in a design-led, fast-scaling retail environment.
Compensation
No public salary bands were found. Public hiring signals emphasize ownership, growth, and building at a profitable, well-funded company rather than disclosing compensation ranges.
Product & market
Pricing
Competitive pricing / project-quote style pricing; the company publicly says it offers competitive prices, but no fixed public price list was found.
Differentiators
- —Design-led curation
- —Assisted decision-making via experience centres
- —Online discovery plus offline touch/feel comparison
- —AI design tools and discovery engine
- —Low MOQ / inventory-light supply model
- —Direct sourcing from manufacturers and distributors
- —Competitive pricing
- —Pan-India delivery
Technology
MongoDB
Python
React
Spring Boot
Flutter
Cloud-native tooling
WhatsApp Business
AI design tools
3D visualization
Customers
Homeowners
End consumers
Architects
Interior designers
Contractors
Developers
Competitors
Traditional interior-material distributors
Catalogue-led tile and laminate retailers
Large-format home-interiors showrooms
Other omnichannel home-interiors marketplaces
Scale & contact
Estimated revenue
Approximately $3M annualized revenue run rate
Latest news
The Economic Times · Feb 2026
Reports the $10M Series A co-led by Accel and Stellaris Venture Partners, with participation from Whiteboard Capital, DeVC, Soma Capital, MyAsiaVC, and several angel investors; notes omnichannel expansion and the company’s interior-materials category.
Inc42 · Feb 2026
Covers the Series A, total funding of roughly $14.5M, prior backing from Accel Atoms and Y Combinator, and the company’s offline expansion plans across Bengaluru and Hyderabad.
YourStory · Feb 2026
Summarizes the Series A and highlights the company’s curated platform, supply-chain/logistics model, and expansion of curated product offerings and offline footprint.
Accel · Feb 2026
Accel’s portfolio note describes the company as design-first and assisted-decision oriented, emphasizing experience centres and the founders’ category experience.
Jobs and careers at Material Depot
0 jobs at Material Depot
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