Home Interiors Startup HomeLane Raises $50 Mn, Eyes Expansion Into Newer Markets

Home Interiors Startup HomeLane Raises $50 Mn, Eyes Expansion Into Newer Markets

SUMMARY

With the Series E funds, HomeLane targets increasing brand presence, expansion and growing its technology

The round saw participation from Pidilite, Evolvence, NuVentures, Sequoia, Accel and others

HomeLane plans to clock in a revenue of INR 2500 Cr by 2024

Since the onset of the pandemic, there has been a dramatic change in the buying pattern as people prefer to order everything — from food to furniture – online. The fact is that the global online home decor market, which was valued at $98.4 Bn in 2020, is projected to rise up to $348.3 Bn market by 2030, according to Research and Markets. Similar growth is being projected in the Indian online furniture interiors market too.  

In such a scenario, home interior startup HomeLane has announced it has raised $50 Mn (INR 371 Cr) in Series E round led by IIFL AMC’s late-stage tech fund, OIJIF II (Oman India Joint Investment Fund) and existing investor Stride Ventures, that will be channelled into growing the startup’s presence in the organised interior category with strategic expansion into newer markets. 

No results were found for "".
  • «
  • 1
  • »
modal lock

Continue Reading With A Free Inc42 Account

Get the most out of your Inc42 experience by creating a free account. Enjoy personalized recommendations, ad-lite browsing, and access to our exclusive newsletters.