Hyderabad based Renderlogy raises Rs.10 crore in series A funding - Start-Up Hyderabad
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Hyderabad based Renderlogy raises Rs.10 crore in series A funding

 9 years ago    

The interior designing industry has witnessed tremendous growth in the last few decades. Hyderabad based interior designing technology startup – Renderlogy have successfully raised a funding of Rs.10 Crore from Brick Eagle Capital advisory, a financial services platform for the affordable housing industry.
Brick Eagle is a Mumbai based private equity firm which invests in the affordable Indian housing sectors for the overall development of the nation and the eco – system. Renderlogy is the 6th company that Brick Eagle has invested in.
Speaking on the development, Shailesh Goswami, founder & CEO at Renderlogy said, “The Company will foray into six new cities of Bangalore, Delhi, Chennai, Mumbai, Raipur and Jaipur.”
“We are also planning to raise another INR 30 Cr. through a series-B funding at the end of the year in which Brick Eagle has already evinced interest. We will require additional funding of INR 200 Cr over the next two years,” he added.
Mr. Goswami is an alumnus of IIT – Delhi, and was a former director at Microsoft. He founded this startup in 2014. Renderlogy is into core interior service providing facility, and offers technology enabled live experiences to its customers with visual designs. It is a one stop solution for suppliers, builders and customers. The team of Renderlogy has been successful in developing an in house technology called the “interiors definition technology” depending on which the company is planning for a B2C interior designing launch.
“The free – for – registration B2C portal will enable the end user to click – drag – and – drop to customize and virtually see how his planned affordable house looks like. We are planning to throw open the portal in the May timeframe. “Quoted Mr. Goswami when asked about the in house technology.
With the funded amount, the company is all set to expand its operations in the 6 cities mentioned by the CEO, and we wish them all the best and success in their future endeavours.




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