Material Depot Secures $10M to Revolutionize Home Interiors Across India

• Material Depot raises $10 million in Series A funding co-led by Accel and Stellaris Venture Partners.
• Funds will be used to strengthen technology, expand offline experience centers, and enhance supply chain capabilities.
• Company plans to scale from 3 to over 30 experience centers within 12-18 months, starting with Hyderabad.
• Leveraging AI and data, Material Depot aims to offer curated designs, improve pricing, and ensure faster delivery.
• The startup addresses India's fragmented $14-billion home interiors market with a tech-first, asset-light model.