SaaS Startup iDesign.Market Raises $200K In Pre-Seed Funding
iDesign.Market, a SaaS startup catering to interior and construction companies, has raised $200,000 in a pre-seed funding round from Jaipur Rugs and a consortium of angel investors.
As per the startup, the freshly raised funds will be used to ramp up the company’s technological infrastructure, expand the talent pool, and fuel its overall growth trajectory.
iDesign Market | Online Marketplace For Interior Design Professionals
Founded by Ashish Dhingra and Sunil Bhakuni in 2022, iDesign.Market is a tech platform providing cloud-based software solutions to interior and construction companies to manage their projects & business from start to end.
The startup offers a user-friendly workflow management platform designed to facilitate team collaboration and streamline business operations for interior and construction companies.
Commenting on the development, Yogesh Chaudhary, Director at Jaipur Rugs, said,
“Ashish and Sunil bring a formidable combination of domain and technology expertise to the table. They have demonstrated a very early solution market fit, reflecting their ability to offer straightforward and efficient solutions to an industry known for its complexity and disorganization. With digital transformation on the rise, we firmly believe that iDesign.Market will play a pivotal role in transforming the interior and construction ecosystem in India and internationally.”
iDesign Pro offers a robust suite of tools, including the innovative Quotation, Timeline feature, Task Manager, File Manager, and DPRs, revolutionizing the way teams collaborate and interact with clients.
As per the startup, iDesign.Market’s enterprise version of the SaaS platform has already garnered significant adoption among leading design and construction companies, including Essentia Environments, Magppie Kitchens, and Alsorg India. It reports a steady monthly growth rate of 25 per cent in user acquisition.
Last month, Soptle, a SaaS-led B2B marketplace for FMCG manufacturers and retailers, raised $1 million in a pre-seed funding round for the expansion of the retailer network reach and manufacturing-partner footprint across India, with new product offerings and technology enhancement.
Also, THB (Technology l Healthcare l Big Data Analytics), an enterprise healthcare SaaS firm, raised $20 million in funding in a growth equity round led by Filter Capital and Edelweiss Discovery Fund Series I to expand its operations globally and accelerate growth in existing countries across South Asia, the Middle East and South East Asia.
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