India-based interior design company HomeLane has raised $50m in a series E round featuring adhesive product manufacturer Pidilite Group.
The round was co-led by IIFL Asset Management’s Late-Stage Tech Fund, Oman India Joint Investment Fund II and Stride Ventures. It was also backed by existing investors Evolvence India Fund, NuVentures, Sequoia Capital and Accel.
HomeLane runs an online portal that helps users collaboratively design their homes interiors with the support of interior design and home décor experts.
The company has now secured over $104m of funding since it was founded in 2014, including an undisclosed sum from private investor Mahendra Singh Dhoni last month.
Stride Ventures led an $8.2m equity and debt financing round for HomeLane in September 2020 that included Accel, Sequoia, Evolvence and JSW Ventures.
Pidilite Group had invested in HomeLane through a $30m series D round in December 2019 that was led by Evolvence and which also featured FJ Labs, Accel, Sequoia and JSW Ventures.
HomeLane received $3.5m from Brand Capital, a subsidiary of media group Bennett, Coleman and Co, in 2018, and $20.5m across series A, B and C round sbetween 2015 and 2017 from investors including Aarin Capital, Sequoia, Accel and RB Investments. It also described Baring Private Equity Partners and Growth Story as existing backers.