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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.…

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