Total amount raised
₹160 Million
Latest funding date
10/01/2022
Location
Mistry.Store has successfully raised funding in a Seed round, attracting the support of 12 investors, including lead investor Omidyar Network India. The company, which specializes in home interior materials, has navigated its initial funding journey with notable backing from investors like Alok Mittal and Bharat Founders Fund.
Keep reading to explore the intricacies of Mistry.Store's fundraising journey and the investors backing this innovative platform.
What Is Mistry.Store?
Mistry.Store is a private company based in Haryana, India, specializing in home interior materials. The company operates within the Building Material and Interior Design industries.
With an employee count ranging from 11 to 50, Mistry.Store has successfully raised funding in a Seed round, attracting notable investors such as Alok Mittal and Bharat Founders Fund.
How Much Funding Has Mistry.Store Raised?
- Seed Round
- Amount Raised: $2 million
- Date: October 2022
- Lead Investors: Omidyar Network India
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance the tech-enabled solution for home interior professionals and individuals, simplifying the purchase of home-building materials.
Total Amount Raised: $2 million. Current Valuation: Not publicly disclosed.
Key Investors
- Omidyar Network India
- Details: Omidyar Network India is an early-stage investment firm that led the seed funding round for Mistry.Store. The organization focuses on funding companies that drive social impact and innovation.
- Investment Focus Areas: Technology, financial inclusion, social impact.
- Notable Investments: Otipy, Overcart, Bounce.
- Waveform VC
- Details: Waveform VC participated in the seed funding round for Mistry.Store. The firm typically invests in early-stage technology startups.
- Investment Focus Areas: Technology startups.
- Notable Investments: Specific notable investments are not mentioned.
- Bharat Founders Fund
- Details: Bharat Founders Fund also participated in the seed funding round for Mistry.Store. The fund focuses on supporting Indian startups across various sectors.
- Investment Focus Areas: Indian startups.
- Notable Investments: Specific notable investments are not mentioned.
- Maninder Gulati
- Details: Maninder Gulati is the Chief Strategy Officer at OYO and participated as an angel investor in Mistry.Store's seed round.
- Investment Focus Areas: Technology, hospitality.
- Notable Investments: Likely involved in investments related to OYO.
- Vasant Sridhar
- Details: Vasant Sridhar is the Co-founder of OfBusiness and participated as an angel investor in Mistry.Store's seed round.
- Investment Focus Areas: Business services, technology.
- Notable Investments: Likely involved in investments related to OfBusiness.
What's Next for Mistry.Store?
With the recent seed funding of $2 million, Mistry.Store is poised to expand its tech-enabled platform, simplifying the purchase of home-building materials for professionals and homeowners. This funding will allow the company to enhance its product offerings and scale its operations, particularly in the Delhi (NCR) region.
As the home interior materials sector continues to attract investor interest, Mistry.Store is well-positioned for future fundraising opportunities. The backing from prominent investors like Omidyar Network India suggests potential for additional investment rounds as the company achieves its milestones. However, the company will need to navigate challenges such as competition from established players and maintaining service quality while scaling.
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