# Material Depot

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/material-depot

- Industry: Retail
- Headquarters: Bengaluru, India
- Website: www.materialdepot.com
- Total disclosed funding: $10M
- Latest round: Series A (Feb 4, 2026)
- Investors on record: 6

## About

Mdepot Retail Technologies Private Limited dba Material Depot is an Indian technology firm specializing in advanced solutions that optimize operational efficiency for various sectors, primarily serving small and medium-sized enterprises through innovative software applications.Material Depot is a technology company founded in 2022 by Manish Reddy and Sarthak Agrawal and headquartered in Bengaluru, India. The company focuses on providing technology solutions that enhance operational efficiency. In February 2026, Material Depot raised USD 10 million in series A funding co-led by Accel and Stellaris Venture Partners, with participation from Whiteboard Capital, DeVC, Soma Capital Management and MyAsiaVC.Material Depot specializes in innovative technology solutions aimed at enhancing operational efficiency across various sectors. Its core product offerings include a suite of software applications designed to streamline workflow processes, improve data management, and facilitate real-time communication within organizations. These solutions are tailored to meet the demands of small to medium-sized enterprises in industries such as healthcare, finance, and logistics. The company's flagship product, launched in 2021, provides users with a comprehensive platform for project management and collaboration, addressing common pain points associated with disjointed communication and task tracking. Currently, the company serves a diverse client base across North America and Europe, focusing on both direct consumers and business-to-business partnerships to deliver its technology offerings.Material Depot's revenue model is primarily structured around a subscription-based service, allowing clients to access its software solutions on a recurring basis. Clients typically engage in annual contracts that grant them access to a range of features and customer support services. Businesses may choose from tiered pricing plans that cater to different levels of usage and functionality, enabling them to scale their subscriptions as their needs grow. The revenue generated from these subscriptions forms a significant portion of the company's financial performance, complemented by additional revenue streams from consulting services and system integrations. This transactional structure strengthens customer loyalty and fosters long-term partnerships with clients who rely on the company's expertise to enhance their operations.In 2026, Material Depot aims to enhance its technology systems, grow its product range, and expand its offline presence utilizing the funds raised in its SERIES A funding round. The company plans to launch new products designed to improve operational efficiency, although specific release dates have not been disclosed. Additionally, Material Depot intends to expand into new geographic markets, focusing on regions that include Asia and Europe by the end of 2026.

## Funding rounds

- Series A, Feb 4, 2026, $10M — Accel, Soma Capital Management, Stellaris Venture Partners, Whiteboard Capital, MyAsiaVC, DeVC

## Investors

- Accel (https://capitalatlas.ai/funds/accel) — Series A
- Soma Capital Management (https://capitalatlas.ai/funds/soma-capital-management) — Series A
- Stellaris Venture Partners (https://capitalatlas.ai/funds/stellaris-venture-partners) — Series A
- Whiteboard Capital (https://capitalatlas.ai/funds/whiteboard-capital) — Series A
- MyAsiaVC (https://capitalatlas.ai/funds/myasiavc) — Series A
- DeVC (https://capitalatlas.ai/funds/devc) — Series A