wordpress blog stats
Connect with us

Hi, what are you looking for?

Livspace raises $70M from new and existing investors

Livspace has raised $70 million in a Series C funding led by TPG Growth and Goldman Sachs and participation from existing investors Jungle Ventures, Bessemer Venture Partners and Helion Ventures.

The company will use the funds to expand to 6 ‘metro areas’ by 2019 and ‘achieve deeper penetration in existing markets.’ It will also grow its offline Livspace Design Centres, invest in its community and vendor marketplace, add new home interior solutions and products and technology innovations for homeowners and designers through the Canvas platform.

Livspace claims that:

  • In the last 18 months, its gross revenues have more than quadrupled and it has achieved unit-economics profitability in its previously launched markets
  • It got 25,000 applications from interior designers and small design studios, 10% of which are certified partners
  • It completes a home interior project every two hours
  • It is on track to hit $125-135 million in annualised gross revenues by March 2019

It operates in Bengaluru, Delhi, Gurgaon, Hyderabad, Mumbai, Noida and Thane, and has 4 design centres and 15 “experience apartments” in India.

Livspace has previously raised a total of $33.6 million from Jungle Venture Partners, Bessemer Venture Partners, Helion Ventures, and UC-RNT including:

Some of Livspace’s competitors include Pepperfry, UrbanLadder and FabFurnish.

Our Livspace coverage here.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like


Restaurant aggregator and food delivery company Zomato has raised US$660 million (over ₹4,850 crore), taking its valuation to ₹3.9 billion. CEO Deepinder Goyal tweeted...


The Securities and Exchange Board of India (SEBI) will now allow investors to make UPI payments to purchase public issues of debt securities, it...


The Indian government has amended the internet shutdown rules, formally known as the Temporary Suspension of Telecom Services Rules, to restrict the validity of...


US-based Kora Investments has pumped $52 million into Zomato, with a larger amount follow-up amount expected in the coming months, Mint reported. The big...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to Daily Newsletter

    © 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ