Material Depot
Material Depot is an Indian omnichannel retailer offering 300,000+ interior finishing materials — tiles, laminates, wallpapers, quartz, and panels — through an e-commerce platform and five Experience Centres in Bengaluru and Hyderabad, serving individual homeowners, interior designers, architects, and builder/contractor partners.
- Company typePrivate
- Founded2022
- HeadquartersBangalore, India
- Headcount11–50
- GTM typeB2B and B2C
- OfferingHardware or Manufacturing
What Material Depot does
Material Depot is an Indian omnichannel retailer of interior finishing materials, operating as Mdepot Retail Technologies Private Limited from Bengaluru. The company serves individual homeowners, interior designers and architects, and builder/contractor partners through a B2B/B2C model that combines an e-commerce storefront (materialdepot.com) with five physical Experience Centres — three in Bengaluru (J.P. Nagar, Whitefield, Yelahanka) totaling approximately 22,500 sq ft, and one 13,000 sq ft centre in Hyderabad's Gachibowli district. Its catalog spans 300,000+ SKUs across tiles, laminates, wallpapers, louvers and panels, quartz countertops, flooring, and cabinetry materials, with approximately 60% of the assortment sold under private-label brands such as Home & Hues and Belina Quartz.
The platform's technology stack centers on customer-facing discovery and visualization tools — a 3D Visualizer that previews materials in room settings, a Shop on Video Call remote consultation service, and an Interior Cost Calculator — alongside backend supply chain management technology and in-store assisted selling systems supporting the Experience Centre operations. Pricing is transparently disclosed on the website in Indian Rupees on a per square foot or per piece basis, with discounts of 30-48% off MRP and EMI financing available through partnerships with YES Bank, ICICI Bank, SBI, Kotak, and Axis Bank. The company has served over 10,000 completed 'happy homes' and 15,000+ customers to date.
Material Depot's business model is direct product sales of physical interior materials through both online checkout and offline showroom transactions. Revenue is generated on a one-time purchase basis per order, with unit pricing, volume discounts, and seasonal promotions. The company was founded in 2022 by Manish Reddy and Sarthak Agrawal and has raised approximately $11.4M to date, including a $1.4M seed round in March 2022 and a $10M Series A in February 2026 co-led by Accel and Stellaris Venture Partners. Series A proceeds are allocated to scaling the offline Experience Centre footprint from 5 to 30+ cities over 12-18 months, strengthening technology infrastructure, and expanding the private-label product portfolio.
Material Depot firmographics
Firmographics- Name
- Material Depot
- Legal name
- Mdepot Retail Technologies Private Limited
- Website
- https://materialdepot.in
- Company type
- Private
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Material Depot is an Indian omnichannel retailer offering 300,000+ interior finishing materials — tiles, laminates, wallpapers, quartz, and panels — through an e-commerce platform and five Experience Centres in Bengaluru and Hyderabad, serving individual homeowners, interior designers, architects, and builder/contractor partners.
- Ownership category
- akta.pro rank
Material Depot industry classification
Industry- Product category
- Interior Design Materials
- NAICS
- Building Material and Supplies Dealers (4441), Other Building Material Dealers (444180)
- SIC
- Retail-Lumber & Other Building Materials Dealers (5211), Wholesale-Lumber & Other Construction Materials (5030)
- akta.pro primary industry
- Construction Materials & Building Supplies Marketplaces (CRAFAHAB)
Keywords
Where Material Depot is headquartered
LocationHeadquarters
- HQ city
- Bangalore
- HQ country
- India
- HQ region
- Asia
Offices4 records
Markets served
Material Depot business model
Business model- GTM type
- B2B and B2C
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Infrastructure, Operations, Technology or R&D, Marketing or Sales, Personnel
Revenue model
- Product Sales - Interior Materials: Revenue generated from direct sales of interior design materials including tiles, laminates, wallpapers, louvers, panels, quartz, and flooring. Products are sold on a unit pricing basis (per square foot or per piece) with both online and offline purchase options. The company maintains a 60% private-label portfolio contributing to margin differentiation.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Pay-as-you-go | Tile products ranging from budget to premium finishes |
| Unit Pricing | Pay-as-you-go | Laminate products in various finishes |
| Unit Pricing | Pay-as-you-go | Quartz countertops and slabs |
| Unit Pricing | Pay-as-you-go | Wallpapers by theme and finish |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels5 records
Material Depot product offering
Product offeringCore offering
Material Depot operates an omnichannel B2B/B2C platform that curates and sells interior finish materials — including tiles, laminates, wallpapers, louvers and panels, quartz slabs, flooring, and cabinetry boards — through its own e-commerce site and physical Experience Centres. The company also provides complementary digital tools (3D Visualizer, video-call shopping, Interior Cost Calculator), designer consultation, installation support, and doorstep delivery for customers across India. Approximately 60% of the 300,000+ product portfolio is sourced through private-label arrangements, with publicly disclosed unit pricing in INR.
Product overview
Material Depot operates as an omnichannel B2B/B2C platform for home interior materials, combining a digital e-commerce platform with physical Experience Centres. The core product portfolio includes tiles, laminates, wallpapers, louvers & panels, quartz, flooring, and cabinetry materials. The platform offers over 300,000 products with approximately 60% being private-label offerings. Additional services include a 3D Visualizer for material visualization, video consultation with design experts, and an interior cost calculator. The company targets the $14 billion Indian home interiors market through both online ordering and five Experience Centres across Bengaluru and Hyderabad.
Differentiator
Problem solved
Functional benefit
Products and services
- Tiles Floor and wall tiles in subway, Moroccan, marble look, wood look, and tropical designs; available in various sizes, finishes (glossy, matte, rustic, carving, punch, metallic), and materials (vitrified, ceramic, porcelain). Sold by square foot to homeowners, interior designers, and builders for interior surfaces.
- Laminates Decorative laminates including acrylic, wood, marble, fluted, fabric, leather, and metallic variants; available in thicknesses from 0.72mm to 1.5mm and finishes including suede, PU, texture, leather, glossy, and matte. Sold by square foot for furniture, cabinetry, and wall surfacing applications.
- Wallpapers Wallpaper collection spanning tropical, space, brick design, plain solid, chinoserie, map, marble & stone, wooden, texture, floral, abstract, stripes, geometric, nature, 3D, and damask patterns. Brands include Home & Hues and Life n Colors. Sold by square foot with a minimum order quantity of 30 Sq. Ft.
- Louvers & Panels Louvers and wall panels in wood look, marble & stone look, solid colour, geometric, patterned, and luxury designs. Materials include charcoal, MDF, WPC, PVC, solid wood, HDHMR, and HDF. Sold by piece for feature walls, TV units, façades, and ceiling applications.
- Quartz Quartz stone slabs and countertops in the Belina Quartz collection with series including Viola (7-year warranty), Regalia (10-year warranty), and Helsinki (10-year with replacement warranty). Available in grey, beige, black, white, and brown; sold by square foot and by sheet for kitchen and bathroom countertops.
- Flooring Wooden flooring options spanning laminate wood floor, SPC floor, vinyl floor, solid wood floor, and engineered wood floor. Sold by square foot for residential and commercial floor installations.
- Cabinetry Materials Cabinetry substrate materials including plywood, MDF, HDHMR, HDF, blockboard, particle board, prelam boards, acrylic boards, neem ply, and water-proof ply. Used by homeowners, carpenters, and contractors for kitchen, bathroom, and wardrobe cabinetry.
Quantifiable outcome
- Served 10,000+ happy homes with installation support and doorstep delivery
- +1 more outcomes
Companies that use Material Depot
Customer profileNamed customers2 records
Segments3 records
Ideal customer profiles3 records
Material Depot technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Material Depot partnerships and signals
Strategic signalScale indicators7 records
Recent moves7 records
Expansion highlights6 records
Material Depot competitors and assessment
Company assessmentDirect peers
- Infra.Market: India-based B2B marketplace for construction materials (tiles, plywood, concrete, steel) supplying builders and contractors. Most direct comparable to Material Depot's B2B materials marketplace angle, though more skewed to contractors than retail consumers.
- Birla Pivot: Aditya Birla group's B2B digital platform for building materials distribution targeting developers, contractors, and retailers. Directly comparable in materials category and tech-enabled distribution, operating at larger scale but with similar wedge on fragmented supply.
- Moglix: India B2B e-commerce platform for industrial and construction materials, hardware, and MRO supplies. Comparable in B2B marketplace model for building/industrial materials, though broader in scope and more procurement-focused than retail.
Broad incumbents
- Livspace: India's largest full-stack home interiors platform offering end-to-end design-to-execution services. Overlaps with Material Depot's designer/designer-customer segment but goes further into design services and project execution rather than pure materials retail.
- HomeLane: India-based home interior design and modular solutions provider with Experience Centres in major metros. Comparable omnichannel showroom model and designer-led GTM, but bundles materials with full execution services.
- DesignCafe: India-based modular interiors and home design brand combining curated materials with turnkey interior execution. Overlaps with Material Depot's materials sourcing and showroom approach but extends into full design-and-build services.
- Pepperfry: India's largest online furniture and home decor marketplace with physical Studios. Comparable omnichannel home-furnishings retail model targeting Indian consumers, though more skewed to furniture than finishing materials.
- Urban Ladder: India-based omnichannel furniture and home decor retailer (now part of Reliance). Comparable curated-catalog + showroom + online retail approach in the Indian home category, though focused on furniture rather than construction finishes.
- Asian Paints (Beautiful Homes): India's leading paint brand with expanding Beautiful Homes interior design service offering curated materials, design consultation, and execution. Comparable in targeting Indian homeowners for interiors and pulling through finishing materials, backed by a dominant incumbent brand.
- Wakefit: India-based DTC home and sleep products brand with growing offline experience centres. Comparable D2C-plus-omnichannel approach to Indian home consumers, though focused on mattresses and furniture rather than construction finishes.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Material Depot social profiles
Digital presenceMaterial Depot financial estimates
Financial estimateRevenue estimate
Valuation estimate
Material Depot leadership team
Management profileNumber of profiles
Profiles2 records
Material Depot funding detail
Funding detailFunding overview
Funding rounds3 records
Investors9 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Material Depot M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Material Depot
What does Material Depot do?
Material Depot operates an omnichannel B2B/B2C platform that curates and sells interior finish materials — including tiles, laminates, wallpapers, louvers and panels, quartz slabs, flooring, and cabinetry boards — through its own e-commerce site and physical Experience Centres. The company also provides complementary digital tools (3D Visualizer, video-call shopping, Interior Cost Calculator), designer consultation, installation support, and doorstep delivery for customers across India. Approximately 60% of the 300,000+ product portfolio is sourced through private-label arrangements, with publicly disclosed unit pricing in INR.
Is Material Depot a public or private company?
Material Depot is a private company. It is classified as venture growth investor backed and is currently operating.
When was Material Depot founded?
Material Depot was founded in 2022. It employs 11 to 50 people.
Where is Material Depot based?
Material Depot is headquartered in Bangalore, India, in the Asia region.
How does Material Depot make money?
One revenue line is on record: product Sales - Interior Materials.
Who are Material Depot's main competitors?
Direct peers on record are Infra.Market, Birla Pivot and Moglix. Broad incumbents are Livspace, HomeLane, DesignCafe, Pepperfry, Urban Ladder, Asian Paints (Beautiful Homes) and Wakefit.
Does Material Depot have an API?
No public API is recorded for Material Depot.
What industry is Material Depot in?
Material Depot's product category is Interior Design Materials. Its primary akta.pro industry code is CRAFAHAB, Construction Materials & Building Supplies Marketplaces. Its NAICS code is 4441 and its SIC code is 5211.