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

The Arc Web

The Arc Web · 12m

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.

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