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Homelane records Rs 748 revenue in FY25 but falls short of projections

EntrackrEntrackr ยท 12d ago
Homelane records Rs 748 revenue in FY25 but falls short of projections
Medial

Home interior design firm HomeLane acquired DesignCafe last year in a share-swap deal. The merged entity was projected to achieve a topline of around Rs 1,000 crore and turn EBITDA profitable in FY25. However, the projections fell short, as the Peak XV-backed company closed the fiscal with Rs 747.8 crore in revenue and a loss of Rs 111 crore. HomeLaneโ€™s revenue from operations grew by 22% year-on-year to Rs 747.8 crore in FY25 from Rs 613.6 crore in FY24, its consolidated financial statement filed with the Registrar of Companies (RoC) shows. HomeLane offers end-to-end home interior solutions, combining design, contract manufacturing, and installation. These services remained the companyโ€™s only source of revenue during the last fiscal year. The firm also made an additional Rs 7.86 crore from interest on deposits which took its total revenue to Rs 755.65 crore in the last fiscal year. On the expenditure side, the cost of materials continued to be the largest cost category, accounting for 37% of total expenses at Rs 320 crore in FY25. This cost increased by 11% year-on-year from the previous fiscal year. Employee benefit expenses rose 28% to Rs 239 crore, while advertising and marketing costs remained flat at Rs 84 crore. Expenditure on installation and allied costs, contract manufacturing charges, legal and professional fees, travel expenses, and other overheads drove the companyโ€™s total expenses to Rs 867 crore in FY25. Tighter control over advertising, marketing, and material costs helped the company cut its losses by over 8% YoY to Rs 111.38 crore in FY25. On a unit basis, HomeLane spent Rs 1.16 to earn a rupee in FY25. Its EBITDA margin improved to Rs -11% while EBITDA (loss) stood at Rs 82.6 crore. As of March 2025, the firm has a total current assets of Rs 240.92 crore with cash and bank balances of Rs 82.65 crore. According to startup data intelligence platform TheKredible, HomeLane has raised a total of $166.45 million to date, which includes a $27 million round secured from existing investors of both HomeLane and DesignCafe, along with new participation from Hero Enterprise.

Kites Senior Care raises Rs 45 Cr in Series A round

EntrackrEntrackr ยท 1y ago
Kites Senior Care raises Rs 45 Cr in Series A round
Medial

Agetech startup Kites Senior Care has raised Rs 45 crore ($5.4 million) in its Series A round led by Ranjan Pai, chairman of Manipal Education and Medical Group (MEMG) through his family office. Previously in January 2023, Kites had raised Rs 14 crore in a pre-series A round from Ranjan Pai. The proceeds will be used to deepen its presence in cities like Bengaluru, Hyderabad, Chennai, while also facilitating expansion into three additional cities across Southern India, the company said in a press release. Founded in 2016 by Rajagopal and Reema, Kites Senior Care specialises in a range of geriatric services including post-operative and post-hospitalisation rehabilitative care, palliative care, dementia care, and respite care, both within care facilities and at the residences of senior citizens. Currently, the startup has a team of 400 care professionals, which is expected to grow to over 1,500. Further, the Bengaluru-based firm has plans to use the newly raised capital to augment its bed capacity to over 1,000 within the next six quarters, up from the current number of 340. Also, it aims to complete the pilot expansion of its tech platform โ€˜seniorshield,โ€™ leveraging wearable technology from Titan Fastrack. Besides Kites Senior Care, Samarth Life, Age Care Labs, Goodfellows, KareWise, SeniorWorld, GetSetUp, 60Plus India, ElderAid Wellness and GenWise also operate in the agetech space.

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

EntrackrEntrackr ยท 3m 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 companyโ€™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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