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

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

Building Material

11 Dec 2025

Suraj Estate Wins Euromoney Award for India’s Best Residential Developer

"Suraj Estate Developers Limited has received the Euromoney Real Estate Award 2025 for ‘India’s Best Residential Developer’, positioning the company among globally benchmarked leaders in the sector. The recognition reflects its four-decade legacy in delivering high-quality residential and redevelopment-led projects across South Central Mumbai. The Euromoney Real Estate Awards, presented by the London-based Euromoney magazine, are widely regarded as one of the most credible global assessments of performance in real estate, banking and finance. Winners are selected through surveys of inte..

Building Material

11 Dec 2025

Lloyds Metals, Tata Steel Sign MoU to Explore Strategic Collaboration

"Lloyds Metals and Energy Limited has signed a non-binding Memorandum of Understanding with Tata Steel Limited to evaluate potential areas of strategic cooperation across mining, logistics, pelletisation and steelmaking. The MoU was signed by B Prabhakaran, Managing Director of Lloyds Metals, and Mr T V Narendran, CEO and Managing Director of Tata Steel. The partnership framework aims to leverage the natural operational synergies between both companies and assess opportunities in greenfield steel projects, iron ore mining, slurry pipeline infrastructure, pellet manufacturing in iron ore–ric..

Building Material

11 Dec 2025

IndiaAI, Gujarat Govt Host Regional Conclave Ahead of 2026 AI Summit

The IndiaAI Mission under the Ministry of Electronics and Information Technology, along with the Government of Gujarat and IIT Gandhinagar, convened a Regional Pre-Summit Event at Mahatma Mandir, Gandhinagar. The initiative is part of the build-up to the India–AI Impact Summit 2026, scheduled for 15–20 February 2026 at Bharat Mandapam, New Delhi. The conclave brought together senior policymakers, technology leaders, researchers and industry practitioners to examine how AI can accelerate economic, digital and social transformation across sectors. The programme focused on the overarching th..