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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

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by TwirlyBiscuitZepto

Love Subko and great to see them raise $10Mn! But what's with so many investments in this space?

There's CCD (now falling). Starbucks toh hai hi. There's Blue Tokai and Third Wave (backed by capital). Recently Nexus funded abCoffee with $3.4Mn.

How many coffee startups are gonna get funded? I think they're just seeing this as safe...