HomeLane raises $8 Million in funding
Home interiors company Homelane raises USD 8 million in a bridge funding round from Stride Ventures and existing investors.
Bridge funding is a form of intermediate funding intended to cover a business short-term expenses until long-term funding is secured.
Stride Ventures led this round, participating through debt funding of $3 million in the company, a statement said.
Existing investors Accel Partners, Sequoia Capital, Evolvence India, and JSW Ventures also participated, infusing another $5 million in equity, it added.
With this round, HomeLane''s total fund-raising has crossed USD 54 million (Rs 370 crore) in the last six years.
"Our mission is to make home interiors easy for the world, and this hasn't changed during the pandemic. Virtual meetings, powered by our 3D desig...