CosmicTaco

HomeLane buys DesignCafe, bags Rs 225 cr in funding

CosmicTaco · 2024-09-25T18:18:46.404841+05:30

- 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](https://thearcweb.com/article/homelane-buys-designcafe-bags-rs-225-cr-in-funding-VOavZVsPCvgES7a5)

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