Fundraising Fox

Material Depot

YC W22

Bengaluru, IN · Founded 2021 · 50 employees · Hiring · 8 known investors

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.

AI & Machine LearningB2B MarketplacesConstruction TechMarketplacesPropTechRetail TechMarketplaceConstructionIndiaSouth Asia

Founders & leadership· Y Combinator alumni (W22)

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

MRManish Reddy
Manish Reddyin𝕏Co-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 Agrawalin𝕏Founder

Investors · 8

Accel India✓ verifiedPalo Alto
AccelPalo Alto · $1.6M – $70M
MyAsiaVCSeattlevia Aabhas Khanna · inferred
Y CombinatorSan Francisco · $500K
DeVCreportedBengaluru · $50K – $500K
Soma Capitalreported · 2 sourcesSacramento · $100K – $300K
Whiteboard CapitalreportedMumbai · $250K – $21M

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.

In the news

Home interiors materials platform Material Depot raises $10 million in funding from Accel, othersindianstartupnews.com · Feb 2026Home Interiors Startup Material Depot Raises USD 10 Mn in Series A Roundindia.entrepreneur.com · Feb 2026Material Depot Secures $10 Million Funding to Revolutionize Home Interiors, EconomictimesB2Bb2b.economictimes.indiatimes.com · Feb 2026Material Depot Raises $10M in Funding: Rediff Moneynewsmoney.rediff.com · Feb 2026Material Depot Raises $10M In Accel, Stellaris-Led Roundascendants.in · Feb 2026Interior decor startup Material Depot raises $10 million from Accel, Stellaris Venture Partners - The Economic Timesm.economictimes.com · Feb 2026

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 in 2021.
Who are Material Depot's investors?
Material Depot's investors include Accel India, Accel, MyAsiaVC, Y Combinator, DeVC, Soma Capital, Whiteboard Capital.
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.