Bengaluru-based construction and interior materials marketplace Mad Over Buildings (MOB) has signed a term sheet to raise ₹30 crore in a funding round led by an undisclosed institutional investor. Existing investor SIG Tattva will also participate in the round.
The investment values the company at ₹180 crore on a post-money basis.
Founded in 2021, MOB operates a procurement platform for architects, contractors, and real estate developers. The company enables businesses to source construction and interior materials while also providing access to financing options during the purchase process.
According to founder Kumar Vivek, the fresh capital will be used to expand into new markets, enhance the company's technology platform, and strengthen its credit-focused procurement ecosystem.
MOB currently operates in Bengaluru and plans to enter Mumbai following the completion of the funding round. The company also aims to expand its presence to more than 12 cities over the next six to nine months.
The startup counts building materials company Hindware among its strategic investors.
MOB differentiates itself by combining material procurement with embedded credit facilities. The company offers a line of credit at the point of purchase, with financing support underwritten by Muthoot Finance.
This model is designed to address a common challenge in the construction sector, where procurement decisions are often influenced by access to working capital and credit.
The company also follows an asset-light fulfilment strategy. Instead of investing in dedicated warehouses, MOB works with existing brand warehouses that act as fulfilment centres for customer orders.
This approach helps the company expand into new markets without making significant investments in storage infrastructure. As a result, it can support faster deliveries while maintaining lower operational costs.
Mad Over Buildings currently serves more than 750 active customers across its network.
The company reported revenue of ₹8 crore in FY26 and stated that it has achieved an annual recurring revenue (ARR) of ₹24 crore.
The latest funding round comes as investors continue to explore opportunities in construction technology and supply-chain businesses that address inefficiencies in the fragmented building materials market.
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