Start-Up Homelane Raises $50M In Series E Round
Interiors

Start-Up Homelane Raises $50M In Series E Round

In a Series E investment round headed by IIFL AMC's Late Stage Tech Fund, OIJIF II (Oman India Joint Investment Fund), and Stride Ventures, Bengaluru-based technology-based home interiors service company HomeLane raised $50 million (Rs 371 crores). Pidilite, Evolvence, NuVentures, Sequoia, and Accel were among the existing investors who took part in the round.

HomeLane has now raised a total of $104 million (Rs 765 crore) in funding over the previous seven years, according to the official announcement. This fundraising transaction was advised solely by The RainMaker Group.

Srikanth Iyer, HomeLane's co-founder and CEO, told YourStory that the business plans to use the funds for three things: brand promotion, platform enhancement, and new tech product development.

HomeLane, which was founded in 2015, offers customised and professional end-to-end tech-enabled home interior services. The company claims to have amassed a client base of over 20,000 people across the country.

Tanuj stated that because of the COVID-19 epidemic, users who had previously purchased homes required their interiors to be done. They felt more comfortable communicating with the designers online owing to the lockdowns and limitations.

He also stated that people had been thinking about their houses a lot more in the last year. During the pandemic, HomeLane saw a 10% rise in order value as a result of this. "Users are buying more items, not necessarily expensive products, but products like work from home furnishings to make their homes more comfortable," he noted.


In a Series E investment round headed by IIFL AMC's Late Stage Tech Fund, OIJIF II (Oman India Joint Investment Fund), and Stride Ventures, Bengaluru-based technology-based home interiors service company HomeLane raised $50 million (Rs 371 crores). Pidilite, Evolvence, NuVentures, Sequoia, and Accel were among the existing investors who took part in the round.HomeLane has now raised a total of $104 million (Rs 765 crore) in funding over the previous seven years, according to the official announcement. This fundraising transaction was advised solely by The RainMaker Group.Srikanth Iyer, HomeLane's co-founder and CEO, told YourStory that the business plans to use the funds for three things: brand promotion, platform enhancement, and new tech product development.HomeLane, which was founded in 2015, offers customised and professional end-to-end tech-enabled home interior services. The company claims to have amassed a client base of over 20,000 people across the country.Tanuj stated that because of the COVID-19 epidemic, users who had previously purchased homes required their interiors to be done. They felt more comfortable communicating with the designers online owing to the lockdowns and limitations.He also stated that people had been thinking about their houses a lot more in the last year. During the pandemic, HomeLane saw a 10% rise in order value as a result of this. Users are buying more items, not necessarily expensive products, but products like work from home furnishings to make their homes more comfortable, he noted.

Next Story
Infrastructure Urban

CONCOR Launches Double-stack Service Between NCR and Varnama

State-run Container Corporation of India (CONCOR) has launched double-stack container train services between the National Capital Region (NCR) and Varnama near Baroda. This initiative aims to facilitate customers at Nhava Sheva near Mumbai, home to Jawaharlal Nehru Port (J N Port). On December 21, the first double-stack container train from Khatuwas and Dadri in NCR reached CONCOR’s Gati Shakti Multimodal Cargo Terminal (GCT) at Varnama, situated along the Western Dedicated Freight Corridor (WDFC). The train carried export cargo destined for J N Port, according to a statement from the state..

Next Story
Infrastructure Transport

Less than 10% of Rs 40 Billion State-aid for Shipbuilding Utilised

A government-sanctioned financial assistance program worth Rs 40 billion, intended to support local shipbuilders over a decade starting in April 2016, has seen minimal utilisation, with only Rs 3.85 billion—less than 10 per cent of the total fund—disbursed thus far. With 15 months remaining before the scheme concludes, its uptake has been limited. The financial aid applies to shipbuilding contracts signed between April 1, 2016, and March 31, 2026. According to a written response provided by Union Minister of Ports, Shipping, and Waterways Sarbananda Sonowal to the Rajya Sabha on December ..

Next Story
Infrastructure Transport

Civil Aviation Minister Opens New ATC Tower at Indore Airport

The Minister for Civil Aviation, Ram Mohan Naidu Kinjarapu, inaugurated the new Air Traffic Control (ATC) Tower-cum-technical block at Devi Ahilyabai Holkar International Airport in Indore, Madhya Pradesh. During the inauguration, the minister toured the facility, where ATC experts explained various technical aspects of tracking and coordinating flights from the newly constructed tower. In addition to the ATC tower, the airport has also introduced a zero-waste plant. The union minister confirmed that this initiative aligns with the government’s commitment to sustainability. Minister Ki..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000