HomeLane, home renovations, and interior design platform has raised $30 million in Series D led by new investors Evolvence India Fund (EIF), Pidilite Group, and FJ Labs, with participation from Sequoia Capital, Accel Partners, and JSW Ventures. The company was founded by Srikanth Iyer in 2014.
With the current round, the total funding raised by HomeLane stands at $46 million.
The company will utilize these funds for 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.
In a statement, Srikanth Iyer, founder and CEO of 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. Our focus on technology to improve both experience and efficiency for our consumers and design partners will continue, with significant investments in people and products.”
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