Livspace to invest $30 Mn to scale Neo platform, launch modular private labels
Home interior and renovation platform Livspace on Thursday said it would invest $30 mn to scale Neo, its proprietary design-to-manufacturing-to-installation platform.
The funds will be utilised for further development of the technology and to launch multiple private labels in the modular solutions space across 30 markets in India and in Southeast Asia.
Neo uses technology to integrate all the steps -- from design, order creation, manufacturing to installation -- on one integrated platform. It digitally connects not only the human participants (designers, factory staff, installers, among others) but every machine in the value chain (manufacturing, logistics, warehousing) as well.