HomeLane, a MS Dhoni backed startup that provides home interior services, experienced a significant increase in its net loss in the financial year 2021-22 compared to the previous year. The net loss went up by 1.49 times, from INR 102.38 Cr in FY21 to INR 153.05 Cr in FY22.
This was due to an increase in expenses that came along with the growth in its business. However, the company’s operating revenue grew by 1.55 times to INR 426.13 Cr from INR 275.69 Cr in the previous year.
HomeLane earned INR 425.55 Cr from the sale of services such as interior designing and home renovation. Its total income also increased to INR 431.25 Cr from INR.
HomeLane: A brief on the Company
HomeLane is a home interior startup that promises to deliver personalized, pocket-friendly, and predictable dream home interiors to its customers within 45 days or pay them rent. With their experience and expertise, the company transforms the ideas and aspirations of first-time homebuyers into reality. Their customer-centric approach, transparency, convenience, and predictability have made them the most trusted home interiors brand in India.
HomeLane handles the entire gamut of home interiors, including design, delivery, installation, and post-installation service. They have a tech-empowered team that has delivered over 15,000 homes across ten cities in India over the last six years. The company’s promise of delivering dream home interiors in a predictable manner has made them the go-to choice for many first-time homebuyers.
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The company’s focus on transparency and predictability sets them apart from their competitors. What customers see is what they get, and the company ensures that their promise is delivered in a timely and hassle-free manner. HomeLane’s emphasis on customer satisfaction and their ability to deliver on their promises has made them a favorite among homeowners in India.
MS Dhoni in the business
MS Dhoni is HomeLane’s first brand ambassador and the first celebrity to endorse an end-to-end home interiors brand. He also has invested in this brand.
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