Bengaluru based online home interior brand today announced the acquisition of for Rs. 90 crores.

The acquisition will help to offer its customers a smoother and more streamlined home designing experience enabled by technology, the company said in a statement.

Online home interior brand HomeLane acquires Capricoast for INR 90 crores

HomeLane already has offices in Gurugram and Noida, and is further planning to set up an experience center in Gurugram within the next two months, to offer consumers a first-hand experience for their home designing and furnishing needs.

Speaking on the acquisition, Srikanth Iyer, co-founder and CEO of said, “This is a coming together of two big players in home design with complementary strengths and expertise. The Capricoast team brings with them a powerful technology back-end that will further strengthen our product offering and go a long way in making the preferred home décor destination for customers across India. This acquisition also marks the beginning of HomeLane’s next phase of growth and expansion, given that we have already achieved operational profitability.”

“We have already achieved a position of dominance in Bangalore, Hyderabad, Chennai and Mumbai and are now ready to serve homeowners in the NCR” Srikanth added.

On the other hand, Capricoast was founded by serial entrepreneur Jawad Ayaz and a team of professionals who were previously involved with another startup called As an online home interiors marketplace, Capricoast helps their users furnish their homes by putting them in touch with brands and craftsmen who are equipped and specialised to do the same. The firm claims to have over 3,000+ registered interior design firms in Bengaluru alone.

In December 2015, Capricoast raised $3.5Mn in Series A round of funding from Accel Partners and RB Investments. Before that, it had raised Seed funding from Accel Partners to the tune of $1.5 Mn.

As the part of the acquisition, the 120-strong team of will be part of whereas Jawad Ayaz, founder and CEO of Capricoast will join’s board of directors.

Jawad Ayaz said, “We believe Capricoast’s strong technology core in customer acquisition and lifecycle management will be a perfect foil to’s unparalleled strengths in design visualization and project execution. This integration is a win-win for home design customers as well as for, which cements its position as the online home interiors industry leader with an unbeatable combination of transparency and predictability, backed by technological capabilities.”


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