Friday, March 29

Tag: HomeLane funding

HomeLane raises $8 Million in funding
FUNDING

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 desi...
HomeLane Raises USD 30mn in Series D Funding
FUNDING

HomeLane Raises USD 30mn in Series D Funding

New Delhi, Dec 23, 2019: Interior designing platform HomeLane has raised USD 30 million (about Rs 213 crore) in Series D funding led by new investors Evolvence India Fund, Pidilite Group and FJ Labs. The funding round also saw participation from Sequoia Capital, Accel Partners and JSW Ventures. With the current round, the total funding raised by HomeLane stands at USD 46 million. The current round is estimated to value the company at USD 150-250 million. "We will use the funds for three things for our next phase of growth that will include launching renovation as a category; scaling our proprietary design-to-manufacturing platform to more designers, vendors, and installers; and expanding to 8-10 new cities in India," HomeLane founder and CEO Srikanth Iyer told Pixr8 News. He ...