Collaborative design software maker Figma on November 12 announced the opening of its first India office in Bengaluru, joining a growing list of American tech majors expanding their presence in the country.
The new office also strengthens the Silicon Valley-headquartered company's footprint across the Asia Pacific region, where it already has offices in Singapore and Tokyo.
The company said it has begun hiring for a local team but did not disclose specific details. Currently, it has listed sales and marketing roles on its careers page.
Why is India important for Figma?
India is Figma’s largest market outside the United States in terms of users. The firm had 13 million monthly active users as of July 2025.
"Today India is our second largest active user market. As it evolves into a global software and manufacturing hub, the value of design will only grow," said Scott Pugh, APAC Vice President of Sales at Figma. "We've seen increasing demand from Indian companies, and with the office opening, we want to get closer to our users and the community here."
Figma stated that over 40 percent of the top Bombay Stock Exchange 100 (BSE100) companies are Figma customers. Among its customers in India include Flipkart, Myntra, TCS, Airtel, Zomato, Swiggy, Cred, Groww, Razorpay, Juspay, and Cars24.
"At Myntra, design is at the heart of everything we do and Figma has become an integral part of how we bring that vision to life. It unites our teams around a shared creative vision, accelerates idea-to-product, and keeps us at the forefront of evolving digital experiences, especially with Al," said Lakshminarayan Swaminathan, Vice President, Product Management and Design, Myntra.
How has Figma expanded its offerings in the past few years?
Founded by Dylan Field and Evan Wallace in 2012, Figma is known for its cloud-based design platform that enables real-time collaboration among designers, developers, and product managers for the entire product development process, particularly in user interface and user experience (UI/UX) design and prototyping.
Over the years, the company has expanded its suite of collaborative tools to include FigJam for digital whiteboarding, Dev Mode for translating designs to code, Figma Slides for presentations, Figma Make for AI-powered prototyping, Figma Draw for illustration and vector editing, Figma Sites for publishing live responsive websites, and Figma Buzz for creating marketing assets at scale.
In October, Figma announced the acquisition of Weavy, a platform that enables users to connect leading AI models and editing tools within a single browser-based canvas. The platform will continue as Figma Weave, and the company plans to use it to build out image, video, animation, motion design, and VFX media generation and editing capabilities on the Figma platform.
After the proposed $20 billion acquisition by Adobe fell through in 2023, Figma went public in a blockbuster IPO on the New York Stock Exchange in July 2025, marking one of the largest tech listings of the year. The company's market cap briefly crossed $50 billion following its stock market debut but has since settled at around $22 billion.
In Q3 2025, Figma's revenue grew 38 percent year-on-year to $274.2 million while net loss ballooned to $1.1 billion, primarily due to one-time stock-based compensation expense related to its IPO. The company also stated that it has crossed a $1 billion annual revenue run rate (ARR) during the quarter.
Globally, Figma states that 95 percent of Fortune 500 companies use its products, and that two-thirds of its users across the world are not professional designers.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
