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Algo, JMP, CAM architect $30m Homevista Series D round

NEW DELHI: HomeVista Decor and Furnishing, which owns and operates online home interior design platform HomeLane, has raised $30 million (Rs 213.50 crore) in a new funding round, led by Evolvence India Fund, NSE-listed Pidilite Industries Ltd and New York-based investment firm FJ Labs. The Series D round has also seen participation from HomeLane’s existing set of backers, which includes, Sequoia Capital, Accel Partners and JSW Ventures, and comes about 10 months after it was reported that the company has raised a Rs 33 crore bridge financing round led by its existing investors.

The Economic Times

Algo Legal advised Homevista Decor and Furnishings Private Limited led by a team of partner Siddharth Manchanda, senior associate Radhika Sarkar, associate Naina Rathore and associate Anushree Kacker.

Jerome Merchant + Partners advised Evolvence India Fund led by a team including partner Murtaza Somjee along with associate Sumedha Kalra.

Cyril Amarchand Mangaldas Mumbai acted for JSW Ventures, led by a team of partner Yashojit Mitra, and director Devyani Singh.

Deal dated: 2019-01-23

Deal value: USD 30 million

This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.

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