Hero Enterprise Partner Ventures Invests in HomeLane’s Series F Round
AZB & Partners is representing Hero Enterprise Partner Ventures in its investment in HomeLane, a leading home interior services startup. The investment is part of HomeLane’s Series F fundraising round, where the company successfully raised approximately INR 225 crores from various investors, including Hero Enterprise.
HomeLane to Acquire Design Cafe in Strategic Share Swap Deal
As part of its growth strategy, HomeLane, backed by Peak XV, is set to acquire Design Cafe, a smaller rival in the home interiors sector. The acquisition, which is structured as a share swap deal, is expected to close in 6-12 months, pending regulatory approvals. Once the deal is finalized, both brands will continue to operate independently, each targeting different market segments.
A Stronger Player in the Home Interiors Space
The acquisition will significantly enhance HomeLane’s position in the market, providing the company with greater scale and resources to compete with major players like Livspace, which is backed by KKR and currently holds the largest market share in the home interior services space.
Transaction Team at AZB & Partners
The AZB & Partners team advising on the transaction includes Senior Partner Anil Kasturi, Partner Ashish Pareek, Senior Associate Kanika Jaggi, and Associate Nishita Agrawal.
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