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.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code