Homelane Aims To Raise Rs 1,500-Crore IPO By Mid-2022
Interiors

Homelane Aims To Raise Rs 1,500-Crore IPO By Mid-2022

HomeLane, a home interior business funded by former Indian cricket captain Mahendra Singh Dhoni, aims to earn up to Rs 1,500 crore through an initial public offering, which is expected to go public in mid-2022, according to various sources familiar with the situation.

HomeLane, a home interior business funded by former Indian cricket captain Mahendra Singh Dhoni, wants to earn up to Rs 1,500 crore through an initial public offering, which is expected to enter the market by mid-2022, according to various sources familiar with the situation.

It will be a mix of main and secondary shares, with some existing investors, such as Sequoia Capital and Accel Partners, exiting in part. Currently, investors such as Sequoia Capital, Accel Partners, IIFL AMC, Oman India Joint Investment Fund, Stride Ventures, Pidilite, Evolvence, K Ganesh-backed Growth Story, Aarin Capital, Baring Private Equity Partners, RB Investments, JSW Ventures, and NuVentures own approximately 70% of Bengaluru-based HomeLane.

HomeLane CEO Srikanth Iyer and a Sequoia spokesman declined to comment, while emails sent to Accel Partners were not returned. HomeLane, founded in 2014 by Srikanth Iyer and Tanuj Choudhry, offers end-to-end personalised home decor solutions. Through 34 experience centres in 19 Indian locations, the organisation has serviced over 20,000 consumers.

HomeLane received Rs 370 crore ($50 million) in a Series E round headed by IIFL AMC's Late Stage Tech Fund, Oman India Joint Investment Fund, and Stride Ventures in September. In the last seven years, the firm has raised more than Rs 765 crore ($104 million). According to reports, HomeLane was valued at Rs3600 crore in this current round. For 2020-21, it reported revenue of Rs 270 crore. HomeLane partnered with Dhoni as an equity partner and brand ambassador in August of last year. He is HomeLane's first brand ambassador and the first celebrity to promote a home interiors company from start to finish.

According to bankers and experts, eight Indian technology businesses will go public in 2021, and the IPO frenzy is predicted to continue. Excluding LIC, the amount may reach Rs 44,000 crore by March 31, 2022.

Also read
https://www.constructionworld.in/latest-construction-news/real-estate-news/interiors/maximalism---biophilic-designs-to-reinvent-home-decor-in-2022/31939
https://www.constructionworld.in/latest-construction-news/real-estate-news/interiors/leading-architects-pitch-for-sustainability-in-future-architecture/31795

HomeLane, a home interior business funded by former Indian cricket captain Mahendra Singh Dhoni, aims to earn up to Rs 1,500 crore through an initial public offering, which is expected to go public in mid-2022, according to various sources familiar with the situation. HomeLane, a home interior business funded by former Indian cricket captain Mahendra Singh Dhoni, wants to earn up to Rs 1,500 crore through an initial public offering, which is expected to enter the market by mid-2022, according to various sources familiar with the situation. It will be a mix of main and secondary shares, with some existing investors, such as Sequoia Capital and Accel Partners, exiting in part. Currently, investors such as Sequoia Capital, Accel Partners, IIFL AMC, Oman India Joint Investment Fund, Stride Ventures, Pidilite, Evolvence, K Ganesh-backed Growth Story, Aarin Capital, Baring Private Equity Partners, RB Investments, JSW Ventures, and NuVentures own approximately 70% of Bengaluru-based HomeLane. HomeLane CEO Srikanth Iyer and a Sequoia spokesman declined to comment, while emails sent to Accel Partners were not returned. HomeLane, founded in 2014 by Srikanth Iyer and Tanuj Choudhry, offers end-to-end personalised home decor solutions. Through 34 experience centres in 19 Indian locations, the organisation has serviced over 20,000 consumers. HomeLane received Rs 370 crore ($50 million) in a Series E round headed by IIFL AMC's Late Stage Tech Fund, Oman India Joint Investment Fund, and Stride Ventures in September. In the last seven years, the firm has raised more than Rs 765 crore ($104 million). According to reports, HomeLane was valued at Rs3600 crore in this current round. For 2020-21, it reported revenue of Rs 270 crore. HomeLane partnered with Dhoni as an equity partner and brand ambassador in August of last year. He is HomeLane's first brand ambassador and the first celebrity to promote a home interiors company from start to finish. According to bankers and experts, eight Indian technology businesses will go public in 2021, and the IPO frenzy is predicted to continue. Excluding LIC, the amount may reach Rs 44,000 crore by March 31, 2022.Also read https://www.constructionworld.in/latest-construction-news/real-estate-news/interiors/maximalism---biophilic-designs-to-reinvent-home-decor-in-2022/31939 https://www.constructionworld.in/latest-construction-news/real-estate-news/interiors/leading-architects-pitch-for-sustainability-in-future-architecture/31795

Next Story
Resources

Ajmera Realty launches tree drive on Environment Day

Ajmera Realty & Infra India marked World Environment Day with a large-scale tree plantation initiative—Plant-with-Purpose—across its projects in Mumbai and Bangalore. The drive was inaugurated at Ajmera Manhattan and Ajmera Greenfinity in Wadala, with senior company officials and residents in attendance. The campaign encourages residents to embrace eco-conscious, self-reliant lifestyles by growing useful plants and trees within their communities. Horticulture expert Devendra Bhekar guided residents on creating and maintaining green spaces. Ajmera Realty planted over 500 trees..

Next Story
Resources

Twaron®-reinforced tyre powers Brunel’s solar race car

Teijin Aramid’s Twaron® with circular content will debut in Bridgestone’s race tyres for the 2025 Bridgestone World Solar Challenge, supporting the Brunel Solar Team’s Nuna 13 car. This marks the first use of the recycled-content aramid in a high-performance race tyre. The Twaron®-reinforced belts help enhance durability, reduce rolling resistance, and maintain lightweight strength—critical for the 3,000-km solar race across Australia. Bridgestone combines this with ENLITENTM tech and other recycled inputs to maximise environmental and performance outcomes. Teijin Aramid, a..

Next Story
Building Material

Kamdhenu Paints launches new wood coating range

Kamdhenu Paints has launched a comprehensive premium wood coating range designed for both interior and exterior applications. The collection includes high-performance solutions like Kamwood 2K PU for a rich matt or high-gloss finish, Kamwood 1K PU for clarity and stain protection, and the Kamwood Melamyne system for a smooth, durable finish. Also featured are Kamwood Wood Stains, which enhance wood grains with vibrant colour, and NC Sanding Sealer for high-build grain filling. The range is supported by Kamwood Thinners for ease of application and optimal finish. Saurabh Agarwal, MD, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?