Peak XV-Backed HomeLane Seeks Buyout Of DesignCafe At $360 Mn Tag

Peak XV-Backed HomeLane Seeks Buyout Of DesignCafe At $360 Mn Tag

SUMMARY

The merger is expected to value DesignCafe at around $60 Mn, and HomeLane at $360 Mn

DesignCafe had encountered difficulties in securing a new round of funding for several months

After the merger, DesignCafe is expected to operate as an independent brand

Home interior startup HomeLane is looking to acquire its smaller rival DesignCafe in a stock-swap deal, a transaction which is expected to value the former at $360 Mn and the latter at around $60 Mn, ET reported.

DesignCafe had encountered difficulties in securing a new round of funding for several months leading up to the merger.

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