Mad Over Buildings Raises ₹30 Cr for Expansion

Bengaluru-based construction and interior materials marketplace Mad Over Buildings (MOB) has secured a significant funding round, signing a term sheet to raise ₹30 crore (approximately $3.5 million USD). The round was led by an undisclosed institutional investor, with participation from existing investors.

This latest funding values the startup at ₹180 crore (approximately $18.7 million USD) post-money. MOB, which counts Hindware among its strategic backers, plans to allocate the capital towards expanding its operations into new cities, enhancing its technology platform, and strengthening its credit-led procurement ecosystem.

Founded in 2021 by Kumar Vivek, MOB operates within the construction materials and interior products segment. The platform offers architects, contractors, and developers a streamlined procurement process with faster delivery times and integrated financing options. The company has focused on optimizing delivery, moving to 1-4 hour deliveries for online and app-based orders.

Currently operational in Bengaluru, MOB intends to expand into Mumbai following this fundraising round, with plans to enter over 12 additional cities within the next six to nine months. The company differentiates itself through an embedded credit system, underwriting financing through Muthoot Finance at the point of purchase, and an asset-light fulfillment network utilizing existing brand warehouses as delivery nodes.

MOB serves over 750 active clients and operates in India’s building products market, which is projected to reach $150 billion by 2028. The company reported revenues of ₹8 crore in FY26 and claims an annual recurring revenue (ARR) of ₹24 crore.