Start-Up Homelane Raises $50M In Series E Round

12 Oct 2021 CW Team

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.

Real Estate

07 Aug 2026

BXB Estates Sets AED 110 Million Jumeirah Golf Estates Record

BXB Estates has completed an AED 110 million residential transaction at Jumeirah Golf Estates, setting a new sales record for the prestigious Dubai residential community.Negotiated by Alfie Tabrez, Managing Partner of BXB Estates, the deal surpassed the previous record of AED 58 million for a completed ready villa in the development.The six-bedroom residence offers 21,714 sq ft of built-up space on a 15,873-sq-ft plot. It features nine bathrooms, four living lounges, a home office, bar lounge, private cinema and rooftop terrace.The property also includes a dedicated wellness area comprising a ..

SECR Floats Rs 6,019 Mn EPC Tender For Paradol Nagpur Link

South East Central Railway (SECR) has invited bids for an Engineering, Procurement and Construction (EPC) contract to build a new broad gauge single line between Paradol Takeoff Point and Nagpur Road Station in Chhattisgarh. The contract carries an estimated cost of Rs 6,019.0 mn and requires an earnest money deposit of Rs 120.4 mn. The work is framed as an EPC assignment intended to strengthen regional rail infrastructure. The tender, issued under number CAO-C-BSP-26-27-15, specifies a completion period of 730 days and a bid validity of 180 days. Two pre-bid meetings are scheduled for 24 Augu..

Indian Railways Reports Nine Per Cent Rise In July Freight Loading

Indian Railways handled 141.3 million tonnes (141.3 mn t) of freight in July, marking a rise of nine per cent year on year. Freight loading maintained a positive trajectory across the network compared with the same month last year. Passenger traffic also increased in July, contributing to higher overall network utilisation. The July outcome continued a pattern of steady monthly gains, reflecting gradual improvement in industrial and logistics activity. The growth in freight volumes reflected stronger demand across multiple sectors and improvements in logistics and train turnarounds. Enhanced r..