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Design Cafe on the block; will HomeLane, Livspace bite?

Livemint

Livemint · 1y ago

Design Cafe on the block; will HomeLane, Livspace bite?

DesignCafe, an interior solutions provider backed by WestBridge Capital, is reportedly up for sale due to its inability to scale up and lack of funding from existing investors. The company has engaged in talks with potential strategic and financial investors, including HomeLane and Livspace, for a possible merger. The home interiors segment, largely led by unorganized local players, has limited companies achieving significant scale. With the real estate market rebounding, the sector has gained momentum, with Livspace aiming to list in India and HomeLane reaching profitability with over ₹1,000 crore in revenue.

Related News

Homelane, backed by Accel, says it has hit cash profitability

The Arc Web

The Arc Web · 2y ago

Homelane, backed by Accel, says it has hit cash profitability

Indian interior design company Homelane is expected to achieve a 20% increase in revenue this fiscal year, reaching Rs 700 crore. The company has reported modest cash profits for the past two months and operates on a negative working capital cycle. In addition, Homelane launched a new brand called Doowup in April, targeting price-sensitive shoppers. However, competition in the space is fierce, with Livspace, another home and interior platform in India, raising $180 million at a $1.2 billion valuation in 2022.

Home interior company HomeLane may acquire smaller rival DesignCafe

Economic Times

Economic Times · 1y ago

Home interior company HomeLane may acquire smaller rival DesignCafe

Home interior services startup, DesignCafe, is set to merge with its bigger rival, HomeLane, in a stock-swap deal. The merger will value DesignCafe at approximately $60 million and HomeLane at around $360 million. The consolidation comes as both startups face challenges in raising funds and aim to generate a combined EBITDA of about INR 70 crore by FY 2025. Design Cafe is expected to continue operating as an independent brand post-merger. The combined entity may also consider a public offering in the future.

HomeLane banks on commercial interior design business to drive growth

Livemint

Livemint · 1y ago

HomeLane banks on commercial interior design business to drive growth

- HomeLane's commercial interiors vertical, Cubico, is expected to generate 10% of its revenue, around ₹80 crore, this year. - The company's goal is for Cubico to become a ₹1,000-crore business in the next five years, targeting the SME segment. - HomeLane plans to expand its services in the home interiors business and has started piloting Wrap Zap, a service that offers quick makeovers for small spaces. - The company aims to expand its presence from 25 cities to 50 cities in the next two years, capitalizing on the demand for branded home interior solutions in tier 2 markets. - HomeLane recently acquired Design Cafe, broadening its target market to more premium customers and emphasizing the design journey aspect. - HomeLane set ambitious growth targets, aiming for a four-fold increase in revenue in the next five to six years, reaching ₹2,500-3,000 crore.

Interior Design Startup Flipspaces Raises $4 Mn In Pre-Series B Funding Round

Inc42 · 2y ago

Interior Design Startup Flipspaces Raises $4 Mn In Pre-Series B Funding Round

Mumbai-based interior design startup Flipspaces has secured $4 million in a Pre-Series B funding round led by Prashasta Seth, former CEO of IIFL AMC, with a mix of equity and debt. The funding will support Flipspaces' expansion on the West Coast of the US and strengthen its technology infrastructure. The startup designs interiors for commercial spaces and offers tech-enabled solutions. Flipspaces previously raised $2 million from Seth and other investors and had secured $3.5 million in Series A funding from Carpediem Capital. It competes with companies like Livspace, HomeLane, and Bonito Designs in the interior design space.

HomeLane revenue remains flat in FY24; losses down by 30%

Entrackr

Entrackr · 1y ago

HomeLane revenue remains flat in FY24; losses down by 30%

Home interior design firm HomeLane reported flat growth for the fiscal year ending March 2024. However, the Bengaluru-based company reduced its losses by 30%, driven by controlled expenses on material costs as well as employee benefits.

Tiger Global-backed Chaayos takes a bite of cookie maker

VCCircle

VCCircle · 1y ago

Tiger Global-backed Chaayos takes a bite of cookie maker

Chaayos, a tea cafe chain backed by Tiger Global, has made an investment in a Noida-based cookie maker and retailer during their ongoing funding round. The details of the investment were not disclosed. Chaayos' move is seen as a strategic step to diversify its product offerings and expand its presence in the food and beverage industry.

Nvidia plans China research centre as export curbs bite: Report

Economic Times

Economic Times · 8m ago

Nvidia plans China research centre as export curbs bite: Report

Nvidia is planning to establish a research and development center in Shanghai due to tighter US export restrictions impacting its Chinese sales. These restrictions prevent Nvidia from selling advanced AI chips to China, intensifying competition from local firms like Huawei. The proposed center will focus on understanding Chinese customer needs and adhering to export controls, while core design and production remain outside China. Nvidia maintains its commitment to the Chinese market and its US-China trade interaction.

Exclusive: Livspace acquires a majority stake in Abby Lighting in cash-and-stock deal

Entrackr

Entrackr · 21d ago

Exclusive: Livspace acquires a majority stake in Abby Lighting in cash-and-stock deal

Omnichannel home interior and renovation platform Livspace acquired Mumbai-based LED lighting solutions provider Abby Lighting in a cash and stock deal, according to regulatory filings reviewed by Entrackr. As per its filing with the Registrar of Companies (RoC), Livspace acquired a majority stake in the firm for around Rs 204 crore (approximately $23 million). The transaction comprises Rs 173 crore in cash and Rs 31 crore through a share swap. As part of the share swap, Abby Lighting’s co-founders Sanjay Bajaj and Suresh Bajaj will be allotted 4,11,274 equity shares in Livspace, translating to around a 0.31% stake in the company. Confirming the development to Entrackr, a Livspace spokesperson said, “This is a strategic investment on our part and in line with our vision to offer a broad spectrum of offerings to our customers. The promoters & management of Abby Lighting & Switchgears will continue to helm the company and operations will continue unchanged.” Founded in 2000, Abby Lighting designs and manufactures LED and architectural lighting solutions for residential, commercial, and industrial spaces, offering customised, energy-efficient lighting systems and related switchgear products. The company has 85,000+ sq ft design and manufacturing facility in Palghar, Maharashtra. This acquisition by the IKEA-backed company will mark its fifth acquisition to date. Its earlier acquisitions include Qanvast, YoFloor, Dwll.in, and DezignUp. Founded in 2014, Livspace enables homeowners to explore and customize pre-designed rooms, kitchens, and storage solutions through its platform. According to startup data intelligence platform TheKredible, Livspace has raised over $520 million to date, including its $180 million Series F round led by KKR & Co., which helped the company attain unicorn status. For the fiscal year ended March 2025, Livspace reported 23% year-on-year growth in its operating revenue to Rs 1,460 crore from Rs 1,185 crore in FY25. At the same time, the company shrunk its losses by 42% to Rs 242 crore.

HomeLane buys DesignCafe, raises Rs 225 crore from Hero Enterprise, Ranjan Pai

Economic Times

Economic Times · 1y ago

HomeLane buys DesignCafe, raises Rs 225 crore from Hero Enterprise, Ranjan Pai

Home interior services startup HomeLane has acquired DesignCafe in a share-swap deal worth Rs 3,000 crore. HomeLane also raised Rs 225 crore in funding from new and existing investors, including Hero Enterprise and Claypond Capital. The combined entity aims to achieve Rs 1,000 crore revenue by fiscal 2025 and is targeting profitability at the Ebitda level. HomeLane and DesignCafe will operate as independent brands, and an IPO is being considered within the next 9-15 months. The consolidation comes amid a slowdown in the home services sector and funding challenges.

HomeLane one step closer to being market leader with acquisition, also raises funding

VCCircle

VCCircle · 1y ago

HomeLane one step closer to being market leader with acquisition, also raises funding

Indian interior design company Homevista Decor & Furnishings is set to acquire its rival DesignCafe, in a move that will create the largest interiors entity in India. The valuation of the combined entity is approximately $360m, and the company is targeting a revenue of $136m in FY25. The acquisition is subject to regulatory approvals. Homevista Decor & Furnishings has also raised $30m in funding in a round led by Hero Enterprise, and backed by existing investors. The merged entity, comprising HomeLane, Doowup, and DesignCafe, will retain its distinct brands.

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