Bonito Designs Secures Rs 40 Crore Investment to Fuel Growth and Expansion Plans

Mumbai: Bonito Designs, the largest full homes only interior design firm in India, has successfully raised an impressive investment of Rs 40 crore from HDFC Limited, Tomorrow Capital, and a group of High-Net-Worth Individuals (HNIs).

This substantial investment has elevated the valuation of Bonito Designs to an impressive Rs 650 crore, representing a significant milestone in the company’s journey. With a strong presence in Mumbai and Bengaluru, Bonito Designs has established itself as a leading player in the full homes only interior design industry in India. In the previous fiscal year (ending March ’23), the company achieved a remarkable Annual Recurring Revenue (ARR) of nearly Rs 300 crore and a positive Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). This strategic partnership with HDFC Limited further strengthens the company’s foothold in Mumbai and Bengaluru, while also paving the way for future expansions into promising markets such as Hyderabad and Pune. A substantial portion of the investment will be allocated to enhancing the company’s technological capabilities, aligning with its growth trajectory.

Bonito Designs embarked on its incredible journey in 2022, making its debut in Mumbai through a groundbreaking collaboration with renowned personalities Gauri Khan and Manish Malhotra. Within a short span of 12 months, the company has emerged as a leading player in the industry, poised to double its revenue and achieve double-digit profitability figures in the fiscal year 2024, a feat unprecedented in the industry. The investment from HDFC Limited will play a crucial role in realizing these ambitious plans and propelling Bonito Designs to unprecedented success.

As India’s fastest-growing home interior brand, Bonito Designs is revolutionizing the interior design market by offering curated and exclusive homes to its customers. The company adopts a unique ‘no catalogue’ approach, bringing a fresh perspective to every home it designs. With four experience centers and a track record of delivering homes spanning 5 million square feet, Bonito Designs is backed by Tomorrow Capital and has plans to expand its operations to Pune, Hyderabad, NCR, and Chennai within the next 18 months.

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