DesignCafe bags Rs 200 cr funding from WestBridge Capital

Mumbai, Dec 24 (IANS) Online home interior design platform DesignCafe said on Monday that it has raised funding of up to Rs 200 crore from WestBridge Capital.According to the Bengaluru-based DesignCafe, the company was set up to address a large personalisation and execution gap that existed in the mid-segment home interior market of homes in the 1,000-2,000 sq ft bracket. "WestBridge Capital will invest up to Rs 200 crore in a series B round of funding with participation by existing investor Fireside Ventures," the DesignCafe statement said."The company proposes to use the additional capital to expand operations in 6 other cities including Mumbai, NCR and Hyderabad."Commenting on the deal, Westbridge Capital Managing Partner Sandeep Singhal said in a statement: "We have been impressed with Design Cafe's rapid scaling up and initial success. Their high customer satisfaction rate is an excellent achievement and is a testimony to the company's deep domain expertise in this sector, hard work and good business judgment."
--IANS ravi-bc/prs