HomeLane has launched an ESOP buyback programme worth INR 27 crore

30 Mar 2022 CW Team

Liquidity was available to both current and past HomeLane employees with vested ESOPs. Former employees were given the option to sell up to 100% of their stock, while current employees were given the option to liquidate up to 35% of theirs.

Less than half of active employees' ESOPs that were eligible for liquidation were liquidated. Many of the company's employees, according to the company, put their profits into homes, automobiles, and retirement savings, as well as donating to causes they care about.

“We are deeply humbled by the response of our team, with a majority of them deciding to stay vested in the company through only partial liquidation of their stock options.

Our team’s conviction and relentless efforts have powered HomeLane’s exponential growth. We facilitated the ESOP buyback to acknowledge their enduring contribution,” said Srikanth Iyer, cofounder of HomeLane. “We will continue to invest in high-quality talent across business, product and technology, design and operations, across the country. Despite the temporary resurgence of COVID-19, we are confident that the need for branded home interiors will continue to grow rapidly,” said Tanuj Choudhry, cofounder of HomeLane.

Indian firms have started an ESOP buyback trend in order to combat attrition and attract talent. Employee stock ownership plans (ESOPs) are being used by an increasing number of companies as a tool for employee retention and wealth building. Ninjacart, an Indian agritech firm, said last week that it has launched an employee stock ownership plan (ESOP) valued more than INR 100 crore.

Also Read
https://www.constructionworld.in/latest-construction-news/real-estate-news/interiors/these-exquisite-items-will-ramp-up-your-home-decor/32831
https://www.constructionworld.in/latest-construction-news/real-estate-news/interiors/give-a-design-uplift-to-your-bathrooms/33012

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

HomeLane, a home interiors business, has announced an INR 27 crore ESOP (employee stock ownership plan) repurchase scheme, the company's second of its kind. It raised $50 million (INR 371 crore) in a Series E round headed by IIFL AMC's late-stage tech fund, OIJIF II (Oman India Joint Investment Fund), and current investor Stride Ventures last year. Liquidity was available to both current and past HomeLane employees with vested ESOPs. Former employees were given the option to sell up to 100% of their stock, while current employees were given the option to liquidate up to 35% of theirs. Less than half of active employees' ESOPs that were eligible for liquidation were liquidated. Many of the company's employees, according to the company, put their profits into homes, automobiles, and retirement savings, as well as donating to causes they care about. “We are deeply humbled by the response of our team, with a majority of them deciding to stay vested in the company through only partial liquidation of their stock options. Our team’s conviction and relentless efforts have powered HomeLane’s exponential growth. We facilitated the ESOP buyback to acknowledge their enduring contribution,” said Srikanth Iyer, cofounder of HomeLane. “We will continue to invest in high-quality talent across business, product and technology, design and operations, across the country. Despite the temporary resurgence of COVID-19, we are confident that the need for branded home interiors will continue to grow rapidly,” said Tanuj Choudhry, cofounder of HomeLane. Indian firms have started an ESOP buyback trend in order to combat attrition and attract talent. Employee stock ownership plans (ESOPs) are being used by an increasing number of companies as a tool for employee retention and wealth building. Ninjacart, an Indian agritech firm, said last week that it has launched an employee stock ownership plan (ESOP) valued more than INR 100 crore.Also Read https://www.constructionworld.in/latest-construction-news/real-estate-news/interiors/these-exquisite-items-will-ramp-up-your-home-decor/32831 https://www.constructionworld.in/latest-construction-news/real-estate-news/interiors/give-a-design-uplift-to-your-bathrooms/33012

Infrastructure Energy

25 Jun 2026

Centre Prioritising Energy Security With Coal Gasification

Union minister for Coal and Mines G Kishan Reddy said the Centre is prioritising energy security through a strategic shift to coal gasification and has announced incentives totalling Rs 460 billion (bn) to support the effort. He said more than 35 companies will start coal gasification activities in India within two months and that the government is encouraging firms that bring technology to close the domestic technology gap. The minister described the initiative as aimed at reducing import dependence and developing indigenous capacity. India has the fifth-largest coal reserve in the world, and..

Infrastructure Urban

25 Jun 2026

BHEL and Coal India Invest Rs 250 bn in Odisha Gasification

Bharat Heavy Electricals (BHEL) and Coal India (CIL) are jointly investing Rs 250 billion in a coal gasification project in Odisha, with the Prime Minister laying the foundation stone in Jharsuguda. Union Coal and Mines Minister G Kishan Reddy described the initiative as a transformative shift in coal utilisation that will open industrial avenues for the state. The project moves coal beyond conventional power generation to industrial feedstocks. Coal gasification will convert coal into synthesis gas, a versatile feedstock for chemicals, fertilisers and synthetic fuels, and the technology is ex..

Infrastructure Energy

25 Jun 2026

BCCL Hands Over Dugdha Coal Washery To JSW Steel

Bharat Coking Coal has handed over the Dugdha Coal Washery to JSW Steel, marking the first coal washery asset monetisation under the Ministry of Coal's asset monetisation programme. The handover took place in the presence of senior officials from Bharat Coking Coal Ltd, JSW Steel and JSW Energy. The washery has a capacity of two million tonnes per annum (mn t per annum), and its transfer is intended to introduce private sector practices into coal beneficiation operations. The monetisation is aimed at modernising coal sector assets, improving operational efficiency and enhancing resource utilis..