Bengaluru Startup Growthmind Enterprises to Launch in 10 Indian Cities by FY29, Projects 125% Growth
Bengaluru — Bengaluru startup, Growthmind Enterprises, the parent company behind Construction Managers and Interior Managers, today announced plans to expand both of its BOQ-based platforms into 10 Indian cities simultaneously, with the rollout beginning in Bengaluru and extending to Hyderabad, Pune, Chennai, Ahmedabad, Gurugram, Noida & Greater Noida, the Mumbai Metropolitan Region, Indore, and Surat from October 2026.
To fund this expansion, Growthmind is in talks with leading investors with the intent to raise $12 million (approximately ₹100+ crore) over the next few months. The company is targeting more than 125% combined revenue growth over the two years following the 10-city launch, from a projected ₹98.6 crore in FY27 to ₹225.7 crore in FY29, with combined net EBITDA rising from ₹49.4 crore to ₹176.5 crore over the same period. Growthmind expects both platforms to turn profitable in FY27 and projects a combined 42-month net cash flow of more than ₹351 crore on an asset-light model with zero inventory and zero 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. Through this model, customers pay vendors directly, and our fee is tied entirely to getting their home or interiors project done on time and within budget. This fund raise will allow us to bring that model to homeowners across India’s biggest markets simultaneously,” said Sanchit Gaurav, Founder of Growthmind Enterprises.
Construction Managers (constructionmanagers.in) is India’s first BOQ-based home construction company. Customers pay material vendors and labour contractors directly, on actuals, with no advance, no markup, and no lump sum, with every timeline backed by a penalty clause for delay. Interior Managers (interiormanagers.in) is India’s first BOQ-based interior design company, offering full design-to-handover delivery on a cost-plus model, with factory quality checks before shipment and milestone-based payments in place of large advances.
Both platforms are designed to organize a fragmented and unstructured market by bringing standardized BOQs, verified vendor onboarding, milestone tracking, and controlled execution into a space that has traditionally relied on opaque estimates, hidden markups, and weak accountability. This creates a more efficient ecosystem for vendors as well, giving them qualified project flow, faster billing cycles, clearer scopes of work, and reduced disputes over pricing, measurement, and execution.
For customers, the model delivers complete transparency and control. They can see where every rupee is going, pay vendors directly for actual work and materials, and stay aligned on budget, timelines, and quality at every stage. Instead of financing unexplained buffers or absorbing inflated estimates, customers get a trackable, accountable, and contract-backed delivery model.
The opportunity is substantial. India’s interiors market alone is estimated at USD 35.48 billion in 2026 and is projected to grow to USD 65.01 billion by 2031, reflecting strong long-term demand for organized, professional execution. Beyond interiors, India’s individual home construction market remains one of the country’s largest and least organized real estate segments, creating a major opportunity for BOQ-led platforms that can standardize delivery and bring trust, speed, and cost control to homeowners at scale.
Construction Managers charges 15% on BOQ actuals, structured as a ₹1,00,000 booking value, a main agreement payment of ₹4,25,000, and a running account of ₹47,727 per month over 11 months, totalling roughly ₹10,50,000 in fees on a typical project. Interior Managers charges 20% on BOQ actuals over a shorter 2–4 month project cycle, structured as a ₹50,000 booking value, a ₹75,000 main agreement payment, and two running account instalments of ₹12,500 each, totalling roughly ₹1,50,000 in fees on a typical project.
