About Material Depot
Material Depot is a company based in Hyderabad (India) founded in 2020 by Sarthak Agarwal and Manish Reddy.. Material Depot has raised $3.63 million across 3 funding rounds from investors including Accel, Whiteboard Capital and Accel Atoms. Material Depot operates in a competitive market with competitors including Infra.Market, IBO, ArisInfra, YouKraft and GlobalFair, among others.
- Headquarter Hyderabad, India
- Founders Sarthak Agarwal, Manish Reddy
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Sectors
Real Estate & ConstructionRetail
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name All Building Materials Technologies Private Limited
- Date of Incorporation 22 Sep, 2020
- Jurisdiction Hyderabad, Telangana, India
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Annual Revenue
$867.66 K (USD)1090.2as on Mar 31, 2023
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Net Profit
$24.91 K (USD)1222.27as on Mar 31, 2023
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EBITDA
$37.55 K (USD)1468.88as on Mar 31, 2023
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Total Equity Funding
$3.63 M (USD)
in 3 rounds
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Latest Funding Round
$3.26 M (USD), Series A
Dec 12, 2024
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Investors
Accel
& 13 more
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Employee Count
Employee Count
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Funding Insights of Material Depot
Material Depot has successfully raised a total of $3.63M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $3.26 million completed in December 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series A — $3.3M
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First Round
First Round
(16 Feb 2022)
- Investors Count 14
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2024 | Amount | Series A - Material Depot | Valuation | Whiteboard Capital , Accel | |
| Mar, 2022 | Amount | Seed - Material Depot | Valuation | Y Combinator |
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| Feb, 2022 | Amount | Seed - Material Depot | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Material Depot
Material Depot has secured backing from 14 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Accel, Whiteboard Capital and Accel Atoms. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Early-stage startups are accelerated via funding and educational programs.
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Founded Year | Domain | Location | |
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Pre-seed acceleration is provided sector-agnostically to startups by Accel Atoms.
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Founded Year | Domain | Location | |
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Investment support is provided to startups by Whiteboard Capital.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Material Depot
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Material Depot
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Material Depot Comparisons
Competitors of Material Depot
Material Depot operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Infra.Market, IBO, ArisInfra, YouKraft and GlobalFair, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Digital procurement and supply solutions for construction materials are facilitated.
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| domain | founded_year | HQ Location |
IBO is recognized as India's largest omnichannel retailer for home building and improvement products.
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| domain | founded_year | HQ Location |
Online platform for construction materials procurement and supply is provided.
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| domain | founded_year | HQ Location |
Home improvement products are offered via an online marketplace.
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| domain | founded_year | HQ Location |
Building materials are sourced through a tech-enabled B2B marketplace.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Material Depot
When was Material Depot founded?
Material Depot was founded in 2020 and raised its 1st funding round 2 years after it was founded.
Where is Material Depot located?
Material Depot is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Is Material Depot a funded company?
Material Depot is a funded company, having raised a total of $3.63M across 3 funding rounds to date. The company's 1st funding round was a Seed of $250K, raised on Feb 16, 2022.
What is the annual revenue of Material Depot?
Annual revenue of Material Depot is $867.66K as on Mar 31, 2023.
What does Material Depot do?
Material Depot was founded in 2020 in Hyderabad, India, within the construction sector. An online platform is operated to connect designers and architects with interior and building materials from multiple manufacturers. Access to curated material libraries is facilitated, along with options for ordering samples and requesting customized products. Listings of products by manufacturers are supported through the platform, aiding procurement processes.
Who are the top competitors of Material Depot?
Material Depot's top competitors include Infra.Market, ArisInfra and YouKraft.
Who are Material Depot's investors?
Material Depot has 14 investors. Key investors include Accel, Whiteboard Capital, Accel Atoms, Y Combinator, and Logx Venture Partners.