Livspace raises US$15M to help you personalise the interior of your home
Bessemer Ventures Partners, Jungle Ventures and Helion Venture Partners are the investors
Livspace Co-founders Anuj Srivastava and Ramakant Sharma
Livspace, an online home design automation platform, has raised INR 100 crore (US$15 million) in its third round of funding led by existing investor Bessemer Ventures Partners. The round also saw participation from other existing investors Jungle Ventures and Helion Venture Partners.
Also Read: Want an uptown contemporary house within weeks? Meet Livspace
The funds will be used to expand the company’s operational footprint across Noida, Gurgaon, Mumbai, Pune and Hyderabad. A portion will also be used to set up new Livspace design studios with VR technology integration for the best home design experience and expand the design automation platform across thousands of freelance designers in the country.
Livspace also aims to expand its catalogue, launch new modular products, and further optimise the backend technology.
Also Read: India’s Livspace acquires mobile platform YoFloor
Founded by Anuj Srivastava and Ramakant Sharma in December 2014, Livspace is a community of home design enthusiasts of over 600,000. With Livspace, customers can discover thousands of interior designs for all types of rooms, personalise the design – by colour, material, style — to their liking, and get the exact look for their homes in a matter of weeks.
Since inception, Livspace has raised US$27.6 million and made three acquisitions, including DezignUp, Dwll.in and YoFloor.
The home industry is estimated to be anywhere between US$25-30 billion, but over 95 per cent of it is unorganised and serviced by turnkey contractors, small studios, freelance designers, and carpenters.
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