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Material Depot

YC W22

Bengaluru, IN · Founded 2021 · 50 employees · Hiring · 10 known investors

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Material Depot is a materials discovery and procurement platform that helps architects, designers, and brands find and source materials. The platform uses AI design tools and a discovery engine to simplify the material selection process for the design community.

Also known as MDepot Retail Technologies Private Limited, MDepot Technologies Inc.

AI & Machine LearningB2B MarketplacesConstruction TechMarketplacesPropTechRetail TechMarketplaceConstructionIndiaSouth Asia

Founders & leadership· Y Combinator alumni (W22)

Material Depot was founded in 2021 by Manish Reddy, Sarthak Agrawal, and Sarthak A..

MRManish Reddy
Manish ReddyCo-FounderManish Reddy spent 3.5 years at Boston Consulting Group advising infrastructure and technology clients across India and the United States. He previously worked in his family's long-standing electrical contracting business.
SASarthak Agrawal
Sarthak AgrawalFounder
SA
Sarthak A.Founder
MR
Manish Reddy GuduruFounder
SA
Sarthak AgarwalFounder
MRManish Reddy
Manish ReddyCo-Founder
NA
Noorul AmeenHR
AA
Amit AnandTechformer
MG
Mehak GoyalFounding Memberformer
KS
Krishna SirugudiGrowthformer
MR
Mridula RaghothamHRformer

Investors · 10

Accellisted by AccelPalo Alto · $500K – $100M

How we know: funding news · m.economictimes.com · open dataset · 5k.vc investor directory · Y Combinator's founder network · Not right? Tell us

MyAsiaVClisted by MyAsiaVCSeattlevia Aabhas Khanna · inferred

How we know: funding news · indianstartupnews.com · Y Combinator's founder network · Not right? Tell us

Soma Capitallisted by Soma CapitalSacramento · $100K – $300K

How we know: funding news · m.economictimes.com · somacap.com · Y Combinator's founder network · Not right? Tell us

Stellaris Venture Advisors 2 Llplisted by Stellaris Venture Advisors 2 LlpBangalore

How we know: Stellaris Venture Advisors 2 Llp's portfolio page · open dataset · 5k.vc investor directory · Not right? Tell us

Y Combinatorlisted by Y CombinatorSan Francisco · $500K

How we know: the Y Combinator directory · ascendants.in · open dataset · 5k.vc investor directory · Not right? Tell us

DeVCreportedBengaluru · $50K – $500K

How we know: m.economictimes.com · Y Combinator's founder network · Not right? Tell us

Goodwater CapitalreportedBurlingame · $5M – $50M

How we know: Y Combinator's founder network · Not right? Tell us

Whiteboard CapitalreportedMumbai

How we know: m.economictimes.com · Y Combinator's founder network · Not right? Tell us

Also in the syndicate · 1

Stellaris Venture Partnerslead

Funding

SEC filings, press & company announcements

$20M disclosed across 2 rounds · 2026

Source: company announcements and press reports — follow each round's link for the claim.

Related companies · 4

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RemiRemi is a residential roofing company that provides roof replacement and repair services with a guaranteed upfront price and no mid-project cost changes. It serves homeowners, offering financing, insurance-claim support, solar bundling, warranties, and text-based project updates.
PermitFlowPermitFlow provides an AI-powered platform that automates the construction permitting lifecycle, from research and application preparation to submission and tracking. The platform serves contractors, developers, and home service companies seeking to accelerate pre-construction and project timelines.

Companies working in the same space as Material Depot.

Legal entities · 1

corporate structure
MDepot Retail Technologies Private Limited, MDepot Technologies Inc.

Frequently asked questions

What does Material Depot do?
Material Depot is a materials discovery and procurement platform that helps architects, designers, and brands find and source materials. The platform uses AI design tools and a discovery engine to simplify the material selection process for the design community.
Who founded Material Depot?
Material Depot was founded by Manish Reddy, Sarthak Agrawal, Sarthak A. in 2021.
Who are Material Depot's investors?
Material Depot's investors include Accel India, Accel, MyAsiaVC, Soma Capital, Stellaris Venture Advisors 2 Llp, Y Combinator, DeVC, Goodwater Capital and 1 more.
How much funding has Material Depot raised?
Material Depot has disclosed $20M raised across 2 rounds.
Where is Material Depot headquartered?
Material Depot is headquartered in Bengaluru, IN.