New Delhi, Dec 23 (SocialNews.XYZ) Interior designing company HomeLane has raised $30 million in a Series D funding round led by Evolvence India Fund (EIF), Pidilite Group and FJ Labs.
The other participants in the funding round were Sequoia Capital, Accel Partners and JSW Ventures, a statement from HomeLane said on Monday. With the latest round of funding, total funds raised by HomeLane stands at $46 million.
"HomeLane will use the funds for its next phase of growth, which will include launching renovation as a category, scaling its proprietary design-to-manufacturing platform to more designers, vendors and installers and expanding to 8-10 new cities in India," it said.
Commenting on this development, Srikanth Iyer, Founder and CEO, HomeLane, said: "With this investment, we will accelerate our expansion into newer markets, while further penetrating our current ones. We will also build a world-class offering for the $12 billion home renovation market."
Founded in 2014, the web-based interior design firm has presence in Bengaluru, Chennai, Hyderabad, Mumbai, Kolkata, Pune and the National Capital Region.
Source: IANS
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz
This website uses cookies.