JSA assists HomeLane on acquisition of DesignCafe and primary fundraise

HomeLane has acquired a majority shareholding in DesignCafe with a commitment to acquire 100% of DesignCafe in the future.

HomeLane further raised funds in a primary fundraise from a group of investors including WestBridge and other investors of DesignCafe and new investors, Hero Enterprise and Claypond Capital Partners.

JSA represented and assisted HomeLane on this composite transaction involving the acquisition and the fundraise.

The transaction team consisted of Vivek K Chandy (Joint Managing Partner), Saurya Bhattacharya (Partner), Nikhil P Joseph (Partner), Alby Joseph (Senior Associate), Shika Suresh (Senior Associate), Rishi Sandill (Associate), Maria Joven Vellara (Associate), Megha Kumari (Associate), Deviah Chinnappa (Associate) and Swati Hegde (Company Secretary).

HomeLane and DesignCafe are prominent players in the fast-growing organized home interiors segment in India.

The deal signals consolidation in the highly competitive home interiors segment in India, with the HomeLane – DesignCafe combine being valued at about ₹3000 crore.

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