Growthmind Enterprises to Launch in 10 Indian Cities by FY29, Projects 125% Growth

In talks with leading investors to raise $12 million

Targets approximately ₹225.7 crore revenue and ₹176.5 crore EBITDA in FY29

Bengaluru, July 28, 2026: Bengaluru-based startup Growthmind Enterprises, the parent company behind Construction Managers and Interior Managers, has announced plans to expand both its BOQ-based platforms into 10 Indian cities simultaneously.

The rollout will begin in October 2026 and cover Bengaluru, Hyderabad, Pune, Chennai, Ahmedabad, Gurugram, Noida and Greater Noida, the Mumbai Metropolitan Region, Indore, and Surat.

To fund the expansion, Growthmind Enterprises is in discussions with leading investors to raise $12 million, equivalent to approximately ₹100 crore or more, over the next few months.

The company is targeting combined revenue growth of more than 125% during the two years following the 10-city launch. Its revenue is projected to increase from ₹98.6 crore in FY27 to ₹225.7 crore in FY29. Combined net EBITDA is expected to rise from ₹49.4 crore to ₹176.5 crore during the same period.

Growthmind expects both platforms to become profitable in FY27. It also projects a combined 42-month net cash flow of more than ₹351 crore through an asset-light business model with zero inventory and no capital frozen in the business.

“The expansion targets a largely unorganized market. Rather than scaling city by city, we will deploy the entire fund raise upfront so that all 10 cities launch together from day one, giving both platforms access to the customer base, vendor networks, and local teams needed to operate at scale from the outset,” said Sanchit Gaurav, Founder of Growthmind Enterprises.

“Through this model, customers pay vendors directly, and our fee is tied entirely to getting their home or interiors project completed on time and within budget. This fund raise will allow us to bring that model to homeowners across India’s biggest markets simultaneously,” he added.

BOQ-Based Construction and Interior Platforms

Construction Managers is India’s first BOQ-based home construction company. Under its business model, customers pay material vendors and labour contractors directly based on actual expenses.

The platform follows a no-advance, no-markup, and no-lump-sum approach. Every project timeline is backed by a penalty clause in the event of a delay.

Interior Managers is India’s first BOQ-based interior design company. It offers complete design-to-handover services through a cost-plus model. The platform includes factory quality checks before shipment and milestone-based payments instead of large advance payments.

Both platforms aim to organize India’s fragmented construction and interior execution markets by introducing standardized Bills of Quantities, verified vendor onboarding, milestone tracking, and controlled project execution.

These sectors have traditionally depended on unclear estimates, hidden markups, and limited accountability. Growthmind’s model is designed to establish greater transparency, standardization, and control throughout the project lifecycle.

Benefits for Vendors and Customers

The platforms create a more efficient ecosystem for vendors by providing qualified project opportunities, faster billing cycles, clearly defined scopes of work, and fewer disputes related to pricing, measurements, and project execution.

For customers, the model offers complete financial transparency and greater control over project delivery. Customers can track where every rupee is being spent and pay vendors directly for the actual work completed and materials purchased.

They can also monitor budgets, timelines, milestones, and quality standards at every stage of the project.

Instead of financing unexplained cost buffers or absorbing inflated estimates, customers receive a trackable, accountable, and contract-backed project delivery model.

Market Opportunity

India’s interiors market is estimated to be worth $35.48 billion in 2026 and is projected to reach $65.01 billion by 2031. This reflects strong long-term demand for organized and professionally managed interior execution services.

Beyond interiors, India’s individual home construction market remains one of the country’s largest and least organized real estate segments.

This creates a significant opportunity for BOQ-led platforms that can standardize project delivery while offering trust, speed, transparency, and better cost control to homeowners at scale.

Platform Fee Structure

Construction Managers charges a fee equivalent to 15% of the project’s BOQ actuals.

For a typical project, the payment structure includes:

• ₹1,00,000 as the booking amount
• ₹4,25,000 as the main agreement payment
• ₹47,727 per month for 11 months through a running account

The total fee for a typical project is approximately ₹10,50,000.

Interior Managers charges 20% of BOQ actuals for projects generally completed within two to four months.

Its typical payment structure includes:

• ₹50,000 as the booking amount
• ₹75,000 as the main agreement payment
• Two running account instalments of ₹12,500 each

The total fee for a typical interior project is approximately ₹1,50,000.

About Growthmind Enterprises

GrowthMind is India’s first tech-enabled, 360-degree real estate ecosystem, redefining how people build, renovate, and invest in property.

Headquartered in Bengaluru, the company provides end-to-end real estate solutions through its specialized divisions.

Construction Managers provides on-time, technology-driven construction project execution through BOQ-based platforms that offer itemized and upfront cost transparency.

Magnon Interiors offers functional and elegant interior design solutions.

Material Market provides high-quality construction and interior materials at competitive prices.

Renovation Manager delivers seamless remodelling services, ranging from minor upgrades to complete property renovations.

Pincode4You is a simplified platform for buying, selling, and renting property.

Built on the principles of transparency, quality, and innovation, GrowthMind provides customer-focused support from concept to completion. The company helps customers construct their dream homes, improve their living spaces, and make informed real estate investments.
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