Customized home interiors decor startup MyGubbi has raised $2.7 million pre-series A funding led by the family office of Firoze Irani; Vipul Parekh(co-founder BigBasket), Ananda Kallugadde(co-founder of NeoBytes) and Rajesh K Murthy(President Infosys), among others.
Founded by Umesh Sangurmath and Ravi Rao in 2015, MyGubbi (Kannad for ‘My Sparrow’), the startup aims on the interior design and furnishing solutions; allowing its customers to design their dream homes.
The company earlier raised a funding of around $2.5 million by Vipul Parekh and others.
The funds raised will be utilized to grow the business.
“We would look at going deeper into existing markets, as well as strengthen our backend. We are also setting up a design centre of excellence in Bengaluru, which is where these funds would be deployed,” Sangurmath told ET.
The online furniture market size in India is estimated to be around $30 billion.