Bengaluru-based Livspace, a startup which assists its customers in designing and re-creating their home-spaces, has raised $70 million.
Livspace was founded by Anuj Srivastava, Ramakant Sharma and Shagufta Anurag in 2014. The company is currently being used on over 1500 homes, as reported by Economic Times.
The startup also has set up design experience centres, having launched a total of 16 centres in two sizes, large and mini.
Livspace provides an online platform for home design and has a presence in cities including Bengaluru, Mumbai, Delhi and Hyderabad. Since its founding, the company has raised a total of $97.6 million in investments.
“Our design experience centres have given us several leads and have also helped us understand our customer preferences better,” Srivastava said, as reported by ET. “This data has helped us understand what our future designing centres and omnichannel strategy would look like.”
Investors in the $70 million round led by Goldman Sachs and TPG Growth include Jungle Ventures, Bessemer Venture Partners and Helion Ventures. The funding will be used for marketing and PR among other areas. Avendus Capital also played the advisory role in the Series C round.
The company which has assisted in the designing of almost 6,000 homes since founding via its platform, is looking to expand into Pune and Chennai.
(Picture courtesy: https://www.livspace.com/)
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