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 $6.88 million across 4 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
$6.88 M (USD)
in 4 rounds
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Latest Funding Round
$3.25 M (USD), Series A
Dec 12, 2024
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Investors
Accel
& 13 more
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Employee Count
Not available
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People of Material Depot
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Funding Insights of Material Depot
Material Depot has successfully raised a total of $6.88M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $3.25 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.
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.
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Early-stage startups are accelerated via funding and educational programs.
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Pre-seed acceleration is provided sector-agnostically to startups by Accel Atoms.
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Investment support is provided to startups by Whiteboard Capital.
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Investor details for Material Depot
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Investments & Acquisitions by Material Depot
Investment portfolio details for Material Depot
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Financial Statements - Material Depot
Detailed financials for Material Depot
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Material Depot Comparisons
Peer comparison for Material Depot
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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.
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Digital procurement and supply solutions for construction materials are facilitated.
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IBO is recognized as India's largest omnichannel retailer for home building and improvement products.
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Online platform for construction materials procurement and supply is provided.
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Home improvement products are offered via an online marketplace.
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Building materials are sourced through a tech-enabled B2B marketplace.
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Detailed competitors of Material Depot
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Latest news on Material Depot
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Frequently Asked Questions about Material Depot
Material Depot was founded in 2020 and raised its 1st funding round 2 years after it was founded.
Material Depot is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Material Depot is a funded company, having raised a total of $6.88M across 4 funding rounds to date.
Annual revenue of Material Depot is $867.66K as on Mar 31, 2023.
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.
Material Depot's top competitors include Infra.Market, ArisInfra and YouKraft.
Material Depot has 14 investors. Key investors include Accel, Whiteboard Capital, Accel Atoms, Y Combinator, and Logx Venture Partners.