Personalised home furnishings provider Livspace has raised $8 million in a round of funding from existing investors Helion Venture Partners, Jungle Ventures and Bessemer Ventures and angel investors including Gokul Rajaram. The platform will use the funds to hire, add new design content and expand to other cities in India. Note that in December last year, Livspace 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 company had mentioned then that it would use the funding to develop new products & technology, strengthen its management team and focus on home design & decor markets in India and Southeast Asia. DezignUp acquisition: Four months after the funding, Livspace acquired the design community and marketplace for consumers and design professionals, DezignUp, for an undisclosed amount. At the time, the company said this acquisition would help scale its business faster and offer more design choice to homeowners. Post acquisition, the co-founders of DezignUp and its core team joined the Livspace team. Dwll acquisition: A month later in May, the company acquired the curated online network of interior designers Dwll.in. This was essentially a talent acquisition, with the co-founders of Dwll and its core team joining Livspace. As of now, Dwll continues to run as an independent website and offers furniture designs from designers across various cities. The platform also offers a service where users are matched up with relevant designers for redesigning projects.…
