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Livspace raises $14M from existing investors to expand operations

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…

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