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HomeLane banks on commercial interior design business to drive growth

LivemintLivemint · 1y ago
HomeLane banks on commercial interior design business to drive growth
Medial

- 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.

FES Cafe raises seed round led by Aakash Anand and Wolfpack Labs

EntrackrEntrackr · 3m ago
FES Cafe raises seed round led by Aakash Anand and Wolfpack Labs
Medial

Snippets FES Cafe raises seed round led by Aakash Anand and Wolfpack Labs Dessert-led cafe chain FES Cafe has raised Rs 3 crore in a seed funding round led by Aakash Anand and his venture studio Wolfpack Labs. The fresh funds will be utilized for expansion, including its entry into Delhi this July, and accelerate its vision of building a national, dessert-first Cafe brand rooted in culture, community, and indulgence, FES Cafe said in a press release. Founded by Vidur Mayor, FES Cafe is an eggless dessert cafe chain focused on indulgence, innovation, and community. It is positioned as a third space for young India, offering baked cookies, puddings, alternative-ingredient cakes, seasonal desserts, savoury dishes, changing dessert menus, arcade game sections, and community formats such as Coffee Raves to build a distinct cafe experience. Since launching, FES says it has tripled its revenue in the first three months, reached store-level EBITDA of 29.8% by the fourth month, and grown delivery revenue by 347% in 90 days. As of June 2025, it was processing over 10,000 monthly orders and became EBITDA-positive at the company level within four months. The Gurugram-based cafe plans to open its first Delhi outlet in July, followed by a second Gurugram store in a corporate park in September 2025. It aims to launch over 100 stores by FY 2027 across Tier 1 and Tier 2 cities. The company is also developing a hybrid COCO and FICO model, along with delivery-focused hubs and packaged desserts to expand beyond physical cafes.

Exclusive: Bonito Designs to raise $9.5 Mn from Tomorrow Capital

EntrackrEntrackr · 2m ago
Exclusive: Bonito Designs to raise $9.5 Mn from Tomorrow Capital
Medial

Exclusive: Bonito Designs to raise $9.5 Mn from Tomorrow Capital Interior designing company Bonito Designs is set to raise Rs 81 crore (approximately $9.5 million) from its holding company Tomorrow Capital. This funding comes after a two-year hiatus since it last raised Rs 40 crore in June 2023 from HDFC, Tomorrow Capital, and Lodha Ventures. The board at Bonito Designs passed a special resolution in May this year to issue 28,357 class A equity shares at an issue price of Rs 28,564 to Tomorrow Capital to raise Rs 81 crore or $9.5 million, its regulatory filing accessed from Registrar of Companies (RoC) shows. As per its filing, the company has already received Rs 51 crore, the rest of the amount is expected to follow shortly. The company will be valued at around Rs 531 crore ($62.5 million) post-allotment, marking an 18% drop from its Rs 650 crore valuation in the previous round. Founded in 2012 by Sameer AM and Vathsala CR, Bonito Design offers end-to-end solutions and caters to both luxury and budget homes through curated, cost-effective designs. The Bengaluru-based company has so far raised around $22 million to date. Following the allotment, Tomorrow Capital will extend its stake in the company to 67% (on a fully diluted basis), as per startup data intelligence platform TheKredible. Bonito Designs recorded a nearly 50% increase in operating revenue to Rs 153.4 crore in the fiscal year ended March 2024 from Rs 104 crore in FY23. However, the company’s losses more than doubled to Rs 66.9 crore during the same period. The company competes with leading players in the space, including Livspace, HomeLane, and DesignCafe, which was recently acquired by HomeLane.

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