Mumbai: HomeLane, a home interior solutions platform, has raised $50 million in a Series E funding round led by IIFL AMC’s Late Stage Tech Fund, Oman India Joint Investment Fund and Stride Ventures. Existing investors Pidilite, Evolvence, NuVentures, Sequoia and Accel also participated in the fundraising.

The fresh capital will help HomeLane accelerate its growth and achieve its revenue target of Rs 2,500 crore by FY24, the company said in a statement Thursday. Founded in 2014 by Iyer and Choudhry, HomeLane provides end-to-end personalised home interior solutions. HomeLane says that it achieved cash profitability in November 2020, the only startup in the home-interior segment to achieve the feat.

Homelane Raises $50 Million From Iifl Amc Fund, Others

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Homelane Raises $50 Million From Iifl Amc Fund, Others

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