28 January, 2016, New Delhi: Indian Angel Network has invested an undisclosed amount in Delhi-based startup DesignBids. As per the recent development, Ambarish Raghuvanshi and Arihant Jain of Indian Angel Network (IAN) will join the company’s board soon.
The company was floated into the market in November 2015 and since then; it has managed to pump in almost 100 projects with over 300 designers registered on the website. DesignBids is an online platform for architecture and interior design services. Within a short span of time, company has competed projects related to home interiors, offices, cafes, commercial architecture, hostels, salons etc.
DesignBids is planning to use the raised amount in strengthening its team, enhancing its technology and in expanding its operations. “DesignBids aims to centralize India’s Architecture ecosystem, which is currently disorganized with thousands of small players acting independently. We wanted to streamline the process” said Nithish Joseph, CEO, DesignBids
Sharing his views on the investment, Ambarish Raghuvanshi said, “Pricing for design services is still in the discovery phase for home owners and small businesses who are project sponsors/owners. Project owners have very little idea of pricing for such services. DesignBids solves this problem for them, while providing visibility to the project and the advantages of choice which comes with attracting interested designers (interior designers and architects).”