Homevista Decor and Furnishings Pvt Ltd, which operates interior design platform HomeLane, has raised Rs 60 crore ($8.16 million) in a bridge funding round.
Stride Ventures has led the round with a Rs 20 crore debt commitment, Bengaluru-based HomeLane said in a statement. The remaining Rs 40 crore has come via equity funding from existing investors including Accel, Sequoia Capital, Evolvence India and JSW Ventures.
This round takes the total capital HomeLane has raised since its inception in 2014 to Rs 370 crore (around $54 million), it said.
Set up by Srikanth Iyer, HomeLane says it provides end-to-end interior services using technology and tech-assisted designers.
The startup will use the capital it has raised to enter new markets with a focus on non-metro expansion. Part of the funding will also be used to enhance its technological infrastructure by focussing on Spacecraft, its proprietary 3D design platform.
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