Bengaluru startup HomeLane plans IPO within 12 to 24 months
HomeLane, the Bengaluru-based home interiors startup, is gearing up for an IPO in the next 12 to 24 months to help fuel its growth.
The company wants to expand into more cities and branch out into areas like kitchen appliances and soft furnishings.
Founded in 2014, HomeLane is known for designing kitchens, bedrooms, and living spaces and goes head-to-head with brands like Godrej Interio and Livspace.
HomeLane revenue up 22% ₹756 cr
Backed by investors like Peak XV Partners and Accel, HomeLane saw its revenue jump 22% last year to ₹7.56 billion while cutting net losses.
CEO Srikanth Iyer says the IPO will support its push into new categories: whether that's building them in-house or buying other companies.
It is also aiming for profitability in this fiscal with a target of ₹10 billion in revenue, using AI to make design faster and cheaper.
With India's interior design market booming (expected to hit $81.2 billion by 2030), HomeLane sees plenty of room to grow.