Livspace raised $90 Mn From Kharis Capital, Venturi Partners & Others
Home design and decor service provider Livspace has raised $90 Mn in Series D funding rebound led by Switzerland-based investment firm Kharis Capital and consumer space-focused Venturi Partners. FFP, Peugeot Group’s holding company and EDBI also participated in this round, along with existing investors Ingka Investments, TPG Growth, Goldman Sachs, UC-RNT and Bessemer Ventures.
Livspace will use this funding to expand its supply chain and presence across new markets, create fresh offerings and private labels in the Asia Pacific (APAC) regions. Livspace’s cofounder and COO Ramakant Sharma said that the company started expanding its services beyond metropolitan cities in 2019. The company is now aiming to expand into 30 smart cities, starting its services from Lucknow, Kolkata and Ahmedabad.
Livspace is a curated marketplace for homeowners and home designers that provides an end-to-end home design experience. The company offers an online marketplace for home interior solutions and also offers software tools for designers to streamline their workflow. It currently has its presence across nine metro cities and designed over 20K homes. It has marked its entry in Singapore last year.