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Livspace secures $4.6M from Helion & Bessemer Venture Partners

Personalised home furnishings provider Livspace has raised $4.6 million in a series A round of funding led by Helion Venture Partners and Bessemer Venture Partners, with participation from Jungle Ventures and other Indian investors. The startup plans to use the funds raised to develop new products & technology, strengthen its management team and focus on home design & decor markets in India and South East Asia. As a part of the deal, Helion's Rahul Chowdhri and Bessemer's Akash Goel will join the company board. Livspace currently focuses on furnishings for living rooms, bedrooms and dining rooms, and allows users to buy furniture like sofas, tables, beds, wardrobes, storage furniture and dining tables among others. But what's different here is users can browse through various pre-created looks for living, dining and bedrooms that feature fully furnished rooms from various designers with a specific price tag. After selecting their preferred look, one can further customize items like colors, wall panels and blinds among others. Livspace 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. It charges Rs 299 for a basic consultation including 30 minutes design consultation, a personalized look book and a looks of the season ebook, and charges Rs 25,000 for extended design consultation, 3D design for layouts, multiple customizable looks and the basic…

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