img

HomeLane buys DesignCafe, bags Rs 225 cr in funding

- HomeLane has acquired DesignCafe in a share swap deal, marking a major consolidation in India's tech landscape. - The combined entity is valued at approximately $400 million and is raising Rs 225 crore from existing and new investors. - HomeLane, Doowup, and DesignCafe will continue to operate as separate brands, each targeting different market segments. - The combined entity is expected to achieve a revenue of Rs 1,000 crore this fiscal year, up 33% from FY24. - HomeLane plans to file for an IPO in 1-1.5 years, aiming for sustained profitable growth. Source: [The Arc]()

img
Sign in to a Grapevine account for the full experience.

Discover More

Curated from across

  • Home
  • HomeLane buys DesignCafe, bags Rs 225 cr in funding