Home interior decoration.
According to Foreign media reported that India Homelane raised US $ 30 million in Series D financing, which was developed by Evolvence India Fund, Pidilite Industries and FJ Labs led the investment, with Accel Partners, Sequoia Capital and JSW Ventures jointly participating. As of now, the company’s total financing amount has reached 46 million US dollars.
Homelane is an online interior decoration company , founded in 2014, headquartered in Bangalore, India, co-founded by Rama Harinath, Srikanth Iyer, and Vivek Parasuram. Homelane helps customers renovate and design rooms. This round of financing will be used for the next phase of growth, including recruiting more designers, suppliers and installers. It will also expand its 3D virtual reality design platform SpaceCraft .
Homelane’s completed interior decoration case
Homelane provides users with a virtual interior design platform and real-time integrated pricing engine , allowing buyers to choose different layouts, designs, colors and finishes, and supports personalized custom kitchens , Wardrobes and walls.
Homelane’s competitors include Livespace, Urban Ladder, and Popperfry. Rama Harinath and SAccording to rikanth Iyer, what sets Homelane apart from competitors is that the company provides one-stop service , from design to decoration to after-sales service, from kitchen to wardrobe to Entertainment facilities are also available.
The website allows owners to upload graphic designs for review by the interior designer, who will feedback to the client a 3D design, modification suggestions and quotes. Currently, Homelane has collaborated with more than 900 designers and delivered more than 6000 projects .
Homelane has also established 16 experience centers in 7 cities in India, allowing customers to see the materials and furnishings on the spot.
In the financial report as of March 2018, Homelane had revenues of $ 5.6 million and a net loss of $ 4.1 million. Prashanth Prakash, a partner at Accel India, said that Homelane’s growth trajectory is promising, and there will be a long-term growth in India’s furniture consumption sector.