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