HomeLane shuts furniture startup CapriCoast post acquisition

Bengaluru-based home furnishing startup HomeLane has announced that it has shut down the online furniture retailing startup CapriCoast after acquiring it for $13.8 million last month. The 120 member team of CapriCoast joined the HomeLane team post the acquisition, including its founder Jawad Ayaz. Founded in 2014, HomeLane offers personalised design service to customise customers' houses.