DesignBids, a marketplace for architecture, raises funding from Indian Angel Network

Delhi-based startup DesignBids, a marketplace for architecture and interior design services, has secured an undisclosed amount of funding from the Indian Angel Network.

Angel investors Ambarish Raghuvanshi and Arihant Jain have led this round of investment on behalf of IAN and will join the company board for further mentoring the team.

DesignBids is a platform that connects projects owners with architects and interior designers by using a reverse-auction mechanism, very similar to the floating of tenders, which is commonly practised for government projects.

The company was founded in November 2015, and DesignBids has acquired over a 100 projects with 300 designers registered on the website.