Online home interior design platform HomeLane has secured funding worth $9.1 million (Rs 75 crore) in a bridge round from its existing investors.
The Bengaluru-based startup has so far raised over $100 million across multiple rounds, including primary and secondary funds. It had last raised $50 million in its Series D round in September 2021.
HomeLane, which counts Pidilite, Evolvence, NuVentures, Peak XV Partners (formerly known as Sequoia Capital India and SE Asia, and Accel among its investors, will use the funds to execute its expansion plans.
“This bridge round represents an important milestone for HomeLane, providing us with the resources to further scale the delivery of exceptional home interior solutions to our customers,” said HomeLane’s co-founder and CEO Srikanth Iyer and co-founder and COO Tanuj Choudhry in a joint statement.
INDIA DEAL MONITOR
Here are the prominent venture capital transactions in India announced from June 14-16, 2023.
