Key facts
- HomeLane plans to launch an IPO within 12 to 24 months.
- The company intends to use IPO proceeds for expansion into new cities and adjacent home furnishing categories.
- HomeLane acquired rival Design Cafe in 2024.
- The company plans to increase investments in AI to improve design efficiency and reduce costs.
- HomeLane expects to achieve profitability and 10 billion rupees in revenue for fiscal 2025.
- In fiscal 2025, revenue grew 22% to 7.56 billion rupees, with a narrowed net loss.
Home interiors platform HomeLane is planning to launch an initial public offering (IPO) within the next 12 to 24 months. The company intends to use the capital raised to fund its expansion into new cities and to enter adjacent home furnishing categories, such as kitchen appliances and soft furnishings. HomeLane also plans to increase its investment in artificial intelligence to enhance design processes and reduce costs.
Founded in 2014, HomeLane offers design and furnishing services for kitchens, bedrooms, and living spaces. Its investors include Peak XV Partners, Accel, and Pidilite Industries. The company competes with established players like Godrej Interio and Livspace.
HomeLane CEO Srikanth Iyer stated that the company's IPO decision is not solely dependent on market conditions, emphasizing an internal focus on achieving month-on-month and quarter-on-quarter profitability. He believes that achieving profitability will enable the company to list successfully regardless of market behavior.
HomeLane acquired its rival Design Cafe in 2024. The company projects profitability and revenue of 10 billion rupees for the current fiscal year, with an aim to reach approximately 30 billion rupees by fiscal 2031. In fiscal 2025, HomeLane reported a 22% increase in revenue to 7.56 billion rupees, while its net loss narrowed to 1.11 billion rupees from 1.22 billion rupees in the previous fiscal year. However, fiscal 2026 revenue was reported as roughly flat.