PE-backed home interiors startup HomeLane plans Rs.1,500-Cr IPO

HomeLane, a home interior startup backed by former Indian cricket captain Mahendra Singh Dhoni, plans to raise up to INR 1,500 crore through an IPO that should hit the market by mid-2022. Bank of America, Axis Capital and ICICI Securities have been hired to run the IPO, in which a 25-30% stake will be diluted. The issue will be a combination of primary and secondary share sales, where some existing investors, including Sequoia Capital and Accel Partners, will make part exits.