Y-combinator and Stellaris Venture Partners backed commercial fit-out company, 91Squarefeet, has announced that it plans to design and build 500 commercial office spaces by the end of 2024. The company aims to focus on sustainable practices, intending to make 40% of its new offices eco-friendly.
In the previous year, 91Squarefeet had delivered 200 office spaces and 100 outlets across various cities in India. With a growth rate of 300% year-on-year, the company is on track to surpass its revenue target of Rs 130 crore in FY24, the company added in a statement.
“There is major disparity around prices and project quality of commercial fit-outs. That has led to a lack of trust and has been a major reason why no big player has attempted to organize this market. We are on a mission to make a brand in commercial fit-outs that stand for quality at reasonable prices,” said Amit Bansal, CEO and co-founder of 91Squarefeet.
The company plans to increase its footprint by constructing commercial spaces spanning 2.5 million square feet by the end of FY24, compared to the 1 million square feet completed in FY23. It had earlier announced plans to hire 500 project managers and 100 architects from reputed institutions across India. It also claims to have leveraged AI technology to half project timelines and costs, over the past year.
Its notable collaborations include projects with VLCC, ION Consulting, TableSpace, HDFC Bank, Kotak, Cultfit, Decathlon, Bluestone, Infra Market, and others.