Private Equity Fund Investments
Home interior startup HomeLane raises $50-M from IIFL AMC fund, others
Bengaluru-based HomeLane, a home interior solutions platform, has raised $50 million in a Series E funding round led by IIFL AMC's Late Stage Tech Fund, Oman India Joint Investment Fund (OIJIF) and Stride Ventures. Existing investors Pidilite, Evolvence, NuVentures, Sequoia Capital India and Accel India also participated. The fresh capital will help HomeLane accelerate its growth and achieve its revenue target of INR 2,500 crore by FY24. The funds will also be used for strengthening its leadership position in the organised home-furnishing market by expanding into newer markets and investing in technology and brand-building. HomeLane provides end-to-end personalised home interior solutions. The company has served over 20,000 customers through 29 experience centres in 18 cities of India.
From the Venture Intelligence PE-VC Deal Database: Between Jan-2015 and Sep-2020, HomeLane had raised over USD 58 M from Aarin Capital, Baring India, Sequoia Capital India, RB Investments, JSW Ventures, Accel India, Pidilite Group, FJ Labs, Evolvence India and venture debt firm Stride Ventures. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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