wordpress blog stats
Connect with us

Hi, what are you looking for?

HomeLane raises $4.5 million from Sequoia Capital & others


Bangalore-based online marketplace for fixed furniture HomeLane has raised $4.5 million in funding from Sequoia Capital, with participation in individual capacity from Manipal Education and Medical Group’s Ranjan Pai and Manipal Global Education’s Mohandas Pai, reports The Economic Times. The funds will be used to expand to 10 new cities over the next 6 months.

GrowthStory’s Meena and K Ganesh had acquired the offline design firm Bello Interiors Pvt Ltd and rebranded it as HomeLane, in August last year. Co-founders Srikanth Iyer, ex-CEO of Pearson India and founder of Edurite, and Rama Harinath, ex-senior management member at TutorVista stayed on post acquisition.

HomeLane sells furniture such as entertainment units, wardrobes, kitchen units, study tables, and shoe racks among other. Additionally, the company also offers customization services, help in planning interiors, etc. The company claims it delivers products within 4 weeks and provides 3-year manufacturer warranty.

Curated online marketplace for furniture Urban Ladder is one of HomeLane’s primary competitors. It’s worth noting that Urban Ladder secured an undisclosed amount of funding from Tata Group’s chairman emeritus Ratan Tata, in November last year. Previously, Urban Ladder had raised $21 million (around Rs.120 crore) from Hong Kong-based Steadview Capital, and existing investors SAIF Partners and Kalaari Capital, in July last year. The company had also acqui-hired the Delhi based startup BuyNBrag to strengthen its home decor biz.

Other players in this space include Rocket Internet backed FabFurnish, PepperFry and Bedbathmore.com among others.

You May Also Like


E-commerce platforms like Amazon and Flipkart are doubling down on their ‘buy now pay later’ or embedded lending options for consumers given that over...


India is considering revising its rules for foreign direct investment in e-commerce, reportedly to prevent e-commerce marketplaces from having an indirect stake — through...


Digital payment adoption has grown significantly in the last year, reflecting a secular trend among Indian consumers and businesses, TR Ramachandran VISA Inc’s group...


E-commerce marketplace IndiaMART InterMESH Ltd. reported a 34.5% increase in traffic on a year-on-year (YoY) basis, growing to 253 million in the quarter ended...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to Daily Newsletter

    © 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ