India’s largest full-homes-only interior design firm secures investment from HDFC Limited, Tomorrow Capital, and HNIs
In a landmark achievement, Bonito Designs, India’s largest full homes only interior design firm, has secured a significant investment of Rs 40 crore from HDFC Limited, Tomorrow Capital, and a few High-Net-Worth Individuals (HNIs).
This strategic partnership will take the valuation of Bonito Designs to nearly Rs 650 crore.
Bonito Designs has consistently established itself as one of the leading full homes only interior design companies in Mumbai and Bengaluru. It exited the last fiscal year (March '23) on a high note with an ARR of nearly Rs 300 crore and a positive EBITDA.
Now, with this strategic alliance with HDFC Limited, the interior design company is poised to deepen its presence in Mumbai and Bengaluru while considering future expansions into other promising geographies such as Hyderabad and Pune. Furthermore, a substantial portion of the investment will be dedicated to its technology roadmap, to augment its capabilities as per its growth trajectory.
Launched in Mumbai in 2022 with an industry-first celebrity design alliance with Gauri Khan and Manish Malhotra, within a mere 12 months, Bonito Designs has emerged as one of the top players in the city.
Looking ahead to the next financial year, Bonito Designs has set ambitious targets to more than double its revenue while achieving double-digit profitability figures—an accomplishment never seen before in the industry.
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