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
Real Estate

What Does Home Insurance Really Cover?

Home insurance is one of the most important protections a homeowner can have. It offers financial cover for unexpected damages, losses, or liabilities related to your property. However, many homeowners are not fully aware of what is actually included in their home insurance policy.This guide breaks down what home insurance really covers, so you can be better prepared and make informed decisions.What is home insurance?Home insurance is a financial product that protects your house and belongings against damage, theft, or accidents. It generally includes coverage for the building itself, as ..

Next Story
Infrastructure Urban

Hettich Strengthens Industry Ties at Madhya Pradesh Investment Meet

Hettich India, a global leader in furniture fittings, reinforced its commitment to Madhya Pradesh’s industrial growth as a Guest of Honour at an Interactive Session on Investment Opportunities in Power, Renewable Energy Equipment, and White Goods Manufacturing, hosted by the Government of Madhya Pradesh in partnership with the Confederation of Indian Industry (CII) at Hotel Trident, Nariman Point, Mumbai.The session, chaired by Dr Mohan Yadav, Hon’ble Chief Minister of Madhya Pradesh, brought together leading domestic and international investors, industry representatives, and business lead..

Next Story
Equipment

Raimondi Names New Saudi Branch Head

Raimondi Middle East has announced the appointment of Ahmad Shakkour as Branch Manager for the Kingdom of Saudi Arabia, reinforcing the company’s commitment to expanding its presence in one of its key regional markets.With Saudi Arabia driving a wave of large-scale infrastructure and urban development projects, Raimondi aims to strengthen its on-ground operations and customer engagement. The company currently has over 100 cranes deployed across the country and continues to expand its technical and service teams to support growing demand.“Saudi Arabia represents a cornerstone of our regiona..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?