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{{Orphan|date=September 2018}}
{{Orphan|date=September 2018}}
{{Infobox company
| name = Livspace
| type = [[Privately held company|Private]]
| industry = Interior design
| founded = 2014
| founder = {{Unbulleted list|Anuj Srivastava|Ramakant Sharma}}
| hq_location_city = [[Bangalore]]
| hq_location_country = [[India]]
| area_served = India
| key_people =
}}


'''Livspace''' is an online home [[Interior design|interior design]] and renovation platform in [[India]], currently operating in [[Bangalore|Bengaluru]], [[Gurgaon|Gurugram]], [[Noida]], [[Mumbai]], [[Pune]], [[Thane]], [[National Capital Region (India)|Delhi-NCR]], [[Hyderabad]] and [[Chennai]].<ref>{{Cite news|url=https://www.thehindubusinessline.com/companies/livspace-enters-chennai-pune-earmarks-40-cr-for-expansion/article25549459.ece|title=Meet India's home-grown IKEA|last=Choudhury|first=Saheli Roy|date=2015-09-29|work=CNBC|access-date=2018-08-29}}</ref>
'''Livspace''' is an online home [[Interior design|interior design]] and renovation platform in [[India]], currently operating in [[Bangalore|Bengaluru]], [[Gurgaon|Gurugram]], [[Noida]], [[Mumbai]], [[Pune]], [[Thane]], [[National Capital Region (India)|Delhi-NCR]], [[Hyderabad]] and [[Chennai]].<ref>{{Cite news|url=https://www.thehindubusinessline.com/companies/livspace-enters-chennai-pune-earmarks-40-cr-for-expansion/article25549459.ece|title=Meet India's home-grown IKEA|last=Choudhury|first=Saheli Roy|date=2015-09-29|work=CNBC|access-date=2018-08-29}}</ref>

Revision as of 16:46, 14 June 2020

Livspace
Company typePrivate
IndustryInterior design
Founded2014
Founder
  • Anuj Srivastava
  • Ramakant Sharma
Headquarters
Bangalore
,
India
Area served
India

Livspace is an online home interior design and renovation platform in India, currently operating in Bengaluru, Gurugram, Noida, Mumbai, Pune, Thane, Delhi-NCR, Hyderabad and Chennai.[1]

History

Livspace was founded in July 2014 by IIT Kanpur alumni Anuj Srivastava, formerly of Google and Ramakant Sharma, formerly of Myntra. In December 2015, the company introduced its private label of modular kitchens and wardrobes and rolled out services in Bengaluru, New Delhi and Mumbai.[2] In 2016, Livspace launched its home design automation platform for interior designers and announced its design partner community program.[3] The startup later opened four offline design stores with virtual reality setups[4] in Bengaluru, Delhi, Gurugram and Mumbai.[5][6] In 2018, Livspace announced expansion of its services to Hyderabad.[7]

Acquisitions

In March 2015, Livspace acquired DezignUp, a design community and marketplace for an undisclosed amount.[8] Later in the same year, the brand announced its acquisition of Dwll.in, an online network of designers and home decor stores.[9] In September 2015, Livspace acquired YoFloor, a mobile and virtual reality platform for home design.[10]

Funding

In December 2014, Livspace raised US$4.6 million from investors Helion Venture Partners and Bessemer Venture Partners.[11] In July 2015, it was announced that Gokul Rajaram of Square would be taking on a special advisory role in the startup and had made an angel investment as well.[12] In August 2015, the startup raised another $8 million in its Series A extension funding round from existing investors.[13] In August 2016, Livspace raised US$15 million as part of its Series B funding.[14] According to reports in 2018,the company raised an additional $6 million investment as part of the same round.[15] In 2018, the company secured US$70 million in its series C round led by TPG Growth and Goldman Sachs.[16][17]

Awards

  • Livspace was on the list of most innovative companies in the world, 2017 by Fast Company, an American technology, business and design magazine.[18]
  • Livspace was one of the winners of Red Herring Top 100 Global 2018 awards presented by Red Herring, a technology business magazine.[19][20]
  • Co-Founder Ramakant Sharma won India's Hottest Young Entrepreneurs award by BW BusinessWorld, an Indian business magazine, in 2017.[21]
  • Ramakant Sharma was on the list of 50 most influential young Indians in 2018 published by GQ India, the Indian edition of the American monthly magazine published by Conde Nast.[22]

References

  1. ^ Choudhury, Saheli Roy (2015-09-29). "Meet India's home-grown IKEA". CNBC. Retrieved 2018-08-29.
  2. ^ Ganguly, Payal (2015-12-28). "Livspace enters modular kitchen and wardrobe segments, to roll out services in Bengaluru, Delhi, Mumbai". The Economic Times. Retrieved 2018-08-22.
  3. ^ Bureau, BW Online. "Livspace Announces Plan to Create 30 000 Design Entrepreneurs in India". BW Disrupt. Retrieved 2018-08-22.
  4. ^ "Small firms snap up VR opportunity to assist home-owners in designing, selection". @businessline. Retrieved 2018-08-29.
  5. ^ "Livespace opens offline design centres, earmarks Rs 25 crore for more centres - Times of India". The Times of India. Retrieved 2018-08-29.
  6. ^ "Small firms snap up VR opportunity to assist home-owners in designing, selection". @businessline. Retrieved 2018-08-29.
  7. ^ "Livspace forays into Hyderabad; earmarks Rs 20 cr for expansion". @businessline. Retrieved 2018-08-29.
  8. ^ "In A Bid To Scale Up Its Decor Range, Helion Backed LivSpace Buys Design Professionals Community & Marketplace DezignUp - Inc42 Media". Inc42 Media. 2015-03-30. Retrieved 2018-08-22.
  9. ^ Reporter, B. S. (2015-05-19). "Livspace buys online network of interior designers Dwll.in". Business Standard India. Retrieved 2018-08-22.
  10. ^ "Livspace acquires mobile platform YoFloor". The Economic Times. 2015-09-10. Retrieved 2018-08-22.
  11. ^ "SoftBank invests $90 m in Housing.com". @businessline. Retrieved 2018-08-29.
  12. ^ "Square's Rajaram takes on advisory role at Livspace - Times of India". The Times of India. Retrieved 2018-08-22.
  13. ^ Reporter, B. S. (2015-08-12). "Livspace raises $8 million from Helion, Bessemer, Jungle Ventures". Business Standard India. Retrieved 2018-08-29.
  14. ^ "Online design & furniture startup Livspace gets Rs 100 crore from existing investors - Times of India". The Times of India. Retrieved 2018-08-29.
  15. ^ "Livspace gets additional $6 m for tech upgrade". @businessline. Retrieved 2018-09-19.
  16. ^ Bansal, Varsha (2018-09-19). "Livspace secures $70m in series C". The Economic Times. Retrieved 2019-05-02.
  17. ^ "Bloomberg - Are you a robot?". www.bloomberg.com. Retrieved 2019-05-02. {{cite web}}: Cite uses generic title (help)
  18. ^ "Livspace: Most Innovative Company". Fast Company. Retrieved 2019-05-02.
  19. ^ "2018 Red Herring Top 100 Global: Winners". Red Herring. Retrieved 2019-05-02.
  20. ^ "Livspace Wins Red Herring Top 100 Global 2018 Award". The Week. Retrieved 2019-05-02.
  21. ^ Amin, Ruhail. "Redefining Indian Homes In Style". BW Businessworld. Retrieved 2019-05-02.
  22. ^ "GQ's 50 Most Influential Young Indians of 2018". GQ India. 2018-12-05. Retrieved 2019-05-02.
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