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One Kings Lane Officially Names Dinesh Lathi CEO

It’s an important appointment for the company, since it just raised just over $112 million at a nearly $1 billion valuation.

by Kara Swisher
One Kings Lane

One Kings Lane, the online home decor company, officially named Dinesh Lathi to the CEO spot, telling employees about the appointment today.

Lathi was named as interim CEO recently, after Doug Mack left the San Francisco-based company to run sports site Fanatics. Lathi has been COO and CFO at One Kings Lane since 2011.

“We have a clearly defined mission — to lead and innovate the online home market,” said One Kings Lane co-founder Susan Feldman. “Dinesh has deep expertise in e-commerce and has demonstrated great passion for our business.”

Lathi came to One Kings Lane from eBay, including as VP of eBay North America. Previous to that, he was an investment banker and worked in private equity.

“In just five years One Kings Lane has become a leading online destination for the home and a brand that is beloved by millions,” said Dinesh Lathi in a statement.

It’s an important appointment for the company, since it just raised just over $112 million from Mousse Partners at a nearly $1 billion valuation. The total it has raised is close to $230 million, from investors like Scripps Networks Interactive, Kleiner Perkins, Institutional Venture Partners, Greylock Partners and Tiger Global Management.

This article originally appeared on Recode.net.

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