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• HomeLane is planning an IPO within the next 12 to 24 months as it focuses on profitability, expansion and growth in India's organised home interiors market.
• The company aims to use IPO proceeds to enter new cities and expand into categories such as kitchen appliances and soft furnishings.
• HomeLane reported a 22% rise in FY25 revenue to INR 7.56 billion, while its net loss narrowed to INR 1.11 billion.
• The company is targeting revenue of around INR 10 billion this fiscal and nearly INR 30 billion by FY31.
• Growing demand for home interiors, urbanisation and technology adoption are creating opportunities for organised interior design companies across India.
HomeLane is preparing for an initial public offering (IPO) within the next 12 to 24 months as the Bengaluru-based home interiors company looks to strengthen its market presence and accelerate growth in India's expanding interior design and home improvement sector.
Founded in 2014, HomeLane has emerged as one of the leading organised players in the home interiors space, offering design and execution services for kitchens, bedrooms, living rooms and complete residential interiors. The company is backed by investors including Peak XV Partners, Accel and Pidilite Industries.
The planned IPO comes at a time when India's organised interior design market is witnessing steady growth. Industry estimates suggest the market could reach USD 81.2 billion by 2030, more than doubling from 2024 levels. Rising disposable incomes, rapid urbanisation, increasing home ownership and growing consumer preference for professionally designed living spaces are driving demand across major cities and emerging urban centres.
HomeLane Co-founder and Chief Executive Officer Srikanth Iyer said the company's listing plans are closely linked to achieving sustainable profitability. He indicated that HomeLane is focused on delivering consistent month-on-month and quarter-on-quarter profits, adding that once the business reaches that stage, market conditions will become less important in determining the timing of the IPO.
The company plans to deploy IPO proceeds towards geographic expansion and growth in adjacent home categories. Besides interior design services, HomeLane intends to strengthen its presence in kitchen appliances such as chimneys and hobs, while also exploring opportunities in soft furnishings and other home improvement products. The company is evaluating both organic expansion and acquisitions to support this strategy.
A key part of HomeLane's growth journey has been its acquisition of Design Cafe in 2024. The transaction helped the company expand its customer base, improve operational capabilities and strengthen its position in India's organised home interiors segment. Industry observers viewed the acquisition as a significant consolidation move in a largely fragmented market.
Technology is also becoming increasingly important to HomeLane's business model. The company has been investing in artificial intelligence tools to improve design efficiency and customer experience. According to the company, AI has reduced the time required to create design concepts from days to minutes, enabling faster project planning and decision-making.
The use of AI has also contributed to cost optimisation. HomeLane said design costs have fallen by around 25%, while overall operating costs have reduced by nearly 1.5% to 2%. The company believes technology-led efficiencies will play an important role in improving margins as it scales operations across India.
Financially, HomeLane has shown improvement over the past year. The company reported revenue of INR 7.56 billion in FY25, marking a 22% increase compared to the previous year. Net losses narrowed to INR 1.11 billion from INR 1.22 billion in FY24, reflecting better operational performance and cost management. The company also reported positive EBITDA during the final quarter of FY25, an important milestone in its path towards profitability.
According to data from Tracxn, HomeLane was valued at approximately INR 27.6 billion as of September 2025. The company is targeting revenue of around INR 10 billion in the current fiscal year and expects to scale this figure to nearly INR 30 billion by FY31 as demand for organised home interiors continues to grow.
The IPO plans also come as India's startup ecosystem is witnessing increasing public market participation from technology-enabled consumer businesses. For HomeLane, a successful listing could provide additional capital to expand operations, invest in technology and strengthen its position in a sector that remains largely unorganised despite growing consumer demand.
Source Reuters
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