91Squarefeet raises $10Mn in Series A round
By MYBRANDBOOK
Gurugram-based construction-tech firm 91Squarefeet has raised $10 million in a Series A round led by Stellaris Venture Partners, with existing investors including US-based Y-Combinator, Betatron Venture Group, a Hong Kong-based investment firm, and a few angel investors.
The company will use the freshly infused capital to strengthen on-ground service and further develop the product, among other things. 91Squarefeet has collaborated with clothing brand Van Heusen, omnichannel furniture player PepperFry, and OYO, among more than 40 other firms.
91Squarefeet started as an aggregator of branding workshops, and then transformed into a digital platform that brands could use to expand their retail presence. It currently has a network of over 600 factories and contractors, and claims to have developed 700 stores.
Amit Bansal, Co-founder and CEO, 91Squarefeet said, “We want to be able to cater to many more brands and help them set up stores, and create a platform with the lowest friction. Anyone should be able to come and get a transparent construction deal. We have built across more than 230 cities. Even went to Andaman and Nicobar Island.”
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