亚博体育官网首页Lane, a home interior business funded by former Indian cricket captain Mahendra Singh Dhoni, aims to earn up to Rs 1,500 crore through an initial public offering, which is expected to go public in mid-2022, according to various sources familiar with the situation.
亚博体育官网首页Lane, a home interior business funded by former Indian cricket captain Mahendra Singh Dhoni, wants to earn up to Rs 1,500 crore through an initial public offering, which is expected to enter the market by mid-2022, according to various sources familiar with the situation.
It will be a mix of main and secondary shares, with some existing investors, such as Sequoia Capital and Accel Partners, exiting in part. Currently, investors such as Sequoia Capital, Accel Partners, IIFL AMC, Oman India Joint Investment Fund, Stride Ventures, Pidilite, Evolvence, K Ganesh-backed Growth Story, Aarin Capital, Baring Private Equity Partners, RB Investments, JSW Ventures, and NuVentures own approximately 70% of Bengaluru-based 亚博体育官网首页Lane.
亚博体育官网首页Lane CEO Srikanth Iyer and a Sequoia spokesman declined to comment, while emails sent to Accel Partners were not returned. 亚博体育官网首页Lane, founded in 2014 by Srikanth Iyer and Tanuj Choudhry, offers end-to-end personalised home decor solutions. Through 34 experience centres in 19 Indian locations, the organisation has serviced over 20,000 consumers.
亚博体育官网首页Lane received Rs 370 crore ($50 million) in a Series E round headed by IIFL AMC's Late Stage Tech Fund, Oman India Joint Investment Fund, and Stride Ventures in September. In the last seven years, the firm has raised more than Rs 765 crore ($104 million). According to reports, 亚博体育官网首页Lane was valued at Rs3600 crore in this current round. For 2020-21, it reported revenue of Rs 270 crore. 亚博体育官网首页Lane partnered with Dhoni as an equity partner and brand ambassador in August of last year. He is 亚博体育官网首页Lane's first brand ambassador and the first celebrity to promote a home interiors company from start to finish.
According to bankers and experts, eight Indian technology businesses will go public in 2021, and the IPO frenzy is predicted to continue. Excluding LIC, the amount may reach Rs 44,000 crore by March 31, 2022.
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