HomeLane, which is an online home interior and renovation has secured Rs 33 crore in the funding round by some of the existing investors Accel Partners, Sequoia Capital, and JSW Ventures.
HomeLane is actively in the market to secure $50-$100 million, which aims to close in the coming six months, according to the report which has been revealed. HomeLane has till today’s date secured about $68 Million.
The firm will now be going to use the funds to double its offline experience centers in both the new and existing markets as well as strengthen the technology brand and platform.
“HomeLane’s strategic focus has always been to provide a seamless home designing and furnishing experience, and we have grown five times in the last three months, and are looking to continue at the same rate in the next financial year.” Srikanth Iyer told in a report.
HomeLane competes with the Godman Sachs and TPG Growth backed Westbridge and Livspace, and Pepperfry as well.
HomeLans provides a marketplace for the customers to buy interior design online from the designers while on the other hand taking care of the execution part as well. On the demand and supply, part their also provides with the complete software tools for the designers to streamline their workflow.
Homeland which was founded by the Rama Harinath, Vivek Parasuram, and Srikanth Lyer in the year 2014 and is as of now present in the cities which includes the Chennai, Hyderabad, Mumbai, Delhi, and NCR.
Picture Credits: HomeLane
Source: Techstory
