Personalized home furnishings provider Livspace has raised Rs 100 crore (~$14.8 million) in a round of funding led by existing investor Bessemer Ventures Partners, with participation from Jungle Ventures and Helion. The company plans to use fresh funds to expand operations across Noida, Gurgaon, Mumbai in 2016 and Pune, Hyderabad in 2017. The funds will also be used to set up Livspace design studios with VR integration, expansion of its design automation platform, strengthen product catalog, and further upgrading its back-end technology. Livspace focuses on furnishings for living rooms, bedrooms and dining rooms, and lists furnitures like sofas, tables, beds, wardrobes, storage furniture and dining tables among others. Users can also browse through a catalogue of pre-designed setting or pattern for living, dining and bedrooms that feature fully furnished rooms designed by various designers with a specific price tag. The company also claims to have tie-ups with large real-estate developers to offer pre-created interior designs including ready-to-install furnishings to customers who buy apartments from these developers. On purchase, goods are delivered in a few weeks, with the company taking care of the last mile installation. Livspace also lets users hire a designer for consultation. As of now, it operates in cities like Bangalore, Delhi, Mumbai, Chennai and Hyderabad. Previous funding Livspace had raised $8 million in a round of funding from existing Helion Venture Partners, Jungle Ventures and Bessemer Ventures and angel investors including Gokul Rajaram in August last year. The funding went into to hiring, upgrading to new design…
