Bonito Designs, India’s largest full homes only interior design firm, has recently secured a notable investment of Rs 40 crore from HDFC Limited, Tomorrow Capital, and a few High-Net-Worth Individuals (HNIs). This strategic collaboration has propelled the valuation of Bonito Designs to an impressive Rs 650 crore, showcasing a remarkable achievement in the company’s roadmap.
With its headquarters in Mumbai and operations in Bengaluru, Bonito Designs has firmly established itself as a leading player in the field of full homes interior design. The company ended the last fiscal year (March ’23) on a high note, achieving an Annual Recurring Revenue (ARR) of nearly Rs 300 crore and a positive Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). This transformed partnership with HDFC Limited will further consolidate Bonito Designs’ presence in Mumbai and Bengaluru, while also exploring opportunities for expansion into other promising cities such as Hyderabad and Pune. Additionally, a significant portion of the investment will be allocated to enhancing the company’s technological capabilities to align with its growth trajectory.
Bonito Designs embarked on its incredible journey in 2022 with the launch of operations in Mumbai, accompanied by a pioneering celebrity alliance with Gauri Khan and Manish Malhotra. In just 12 months, the company has emerged as a prominent player in the industry.
Looking ahead, Bonito Designs aims to double its revenue and achieve double-digit profitability figures in FY24, an unprecedented feat in the industry. The investment from HDFC Limited will play a crucial role in realizing these ambitious plans, propelling Bonito Designs toward unparalleled success.
Bonito Designs is India’s fastest-growing home interior brand, revolutionizing the interior design market by offering curated and exclusive homes for its customers. The company follows a distinctive ‘no catalogue’ approach to bring freshness and uniqueness to all the homes they design. Since its inception, Bonito Designs has opened four experience centers in Mumbai and has completed home projects spanning across an impressive 5 million square feet. Backed by Tomorrow Capital, Bonito Designs plans to expand its operations to other major cities like Pune, Hyderabad, NCR, and Chennai over the next 18 months.
In conclusion, Bonito Designs’ strategic investment of Rs 40 crore from HDFC Limited, Tomorrow Capital, and HNIs has propelled the company’s valuation to an impressive Rs 650 crore. With a strong presence in Mumbai and Bengaluru, Bonito Designs aims to expand its operations further and enhance its technological capabilities to achieve continued success in the field of full homes only interior design.
