wordpress blog stats
Connect with us

Hi, what are you looking for?

HomeLane acquires Capricoast for Rs 90cr, to open experience centre in Gurgaon

Home solutions startup HomeLane.com has acquired an online marketplace of interior design firms Capricoast.com for Rs 90 crore. As part of the deal, the 120-people team of Capricoast will be part of HomeLane. Jawad Ayaz, founder and CEO of Capricoast, will join HomeLane’s board of directors.

HomeLane offers interior design solutions using technology. It has a virtual design platform- SpaceCraft- helps homeowners co-design their homes virtually with the designer, ruling out the requirements of multiple physical meetings and back and forth on designs and real-time pricing.  The acquisition will help the company to strengthen its back-end technology like customer acquisition and lifecycle management and will further strengthen HomeLane’s product offering. “This acquisition also marks the beginning of HomeLane’s next phase of growth and expansion, given that we have already achieved operational profitability,” said Srikanth Iyer, co-founder and CEO of HomeLane in a statement.

HomeLane, till date, has raised about $15 million in venture funding from investors like Sequoia Capital, Aarin, Growth Story and Baring PE. Founded in 2014, the company has a presence in Bangalore, Chennai, Hyderabad, Mumbai and NCR. HomeLane.com claims to have delivered 1700 projects since its inception.


The online interior design space has gained considerable attention in past one year. HomeLane competes with companies like Livspace, Renomania, Foyr, Urban Ladder, Pepperfry- to name a few. In June, online home interior design and execution platform Livspace said that it will invest Rs 70 crore in its designers partnership initiatives across different segments, including onboarding & certifying freelance designers and studios, engagement programs, infrastructure & expansion across top metros to grow its network.  In June, it said that it will invest  Rs 25 crore to expand its flagship design centers.

In 2016, Home decor and furniture e-tailer Urban Ladder was testing ‘Urban Interiors’, an interior designing service that helps customers to furnish their homes through assistance from independent designers. The designer will help customers browse products and create custom interiors according to their requirements.

Advertisement. Scroll to continue reading.

In 2015, Sundeep Malhotra, who stepped down as CEO of Homeshop 18, launched an interior design and home design platform called Renomania. Note that, US-based Houzz Inc, online community and marketplace for homeowners and decoration professionals partnered with Times Bridge last month to expand its presence in India.

Written By

Writes about e-commerce, social media, tech and Internet ecosystem.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.



While the market reality of popular crypto-assets like Bitcoin may undergo little change, the same can't be said for stablecoins.


Bringing transactions related to crypto-assets within the tax net could make matters less fuzzy.


Loopholes in FEMA and the decentralised nature of crypto-assets point to a need for effective regulations.


The need of the hour is for lawmakers to understand the systems that are amplifying harmful content.


For drone delivery to become a reality, a permissive regulatory regime is a prerequisite.

You May Also Like


Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...


135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...


Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...


By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

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

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Your email address:*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ