HomeLane opens two new Doowup shops
Inside options enterprise HomeLane has opened two new shops for its equipment, dwelling textiles, and homeware model Doowup in Hyderabad to cater to the city centre’s consumers. The brand new shops are positioned in Chanda Nagar and Gachibowli.
Dwelling textiles by Doowup – Doowup- Fb
“Hyderabad, with its fast-growing city panorama, is a perfect location for Doowup’s enlargement,” mentioned HomeLane’s vp Subodh Jain, India Retailing reported. Doowup caters to city center class consumers on the lookout for fashionable and practical inside options which additionally prioritise type, in response to the enterprise’ Fb web page.
HomeLane has just lately opened a lot of Doowup shops throughout India. The model launched a brand new retailer in Kolkata and one other Jamshedpur final week. Each shops measure 700 sq. ft and the Kolkata retailer opened in partnership with LKG Houses whereas the Jamshedpur retailer opened with BNR Houses.
The enterprise achieved the milestone of turning money constructive in September and October, 2023. HomeLane is assured that it may preserve its money constructive standing and likewise develop in double digits within the 2024 monetary yr.
“Reaching money profitability offers us the independence to assume long-term and take choices accordingly,” mentioned HomeLane’s founders Srikanth Iyer and Tanuj Choudhry, India Retailing reported. “We’re extremely pleased with our crew’s relentless efforts and are thrilled to set our subsequent milestone of reaching EBITDA profitability in FY24.”
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