AAZAMAZEEM at 04:56, 24 March 2026

2026-03-24T04:56:16Z

imported>Salavat: Renamed :File:Livspace home interior design and renovation platform.png to :File:Livspace logo.png: (LuckyRename)

2021-08-30T00:30:54Z

Renamed File:Livspace home interior design and renovation platform.png to File:Livspace logo.png: (LuckyRename)

New page

{{short description|Indian interior design firm}}
{{Orphan|date=September 2018}}
{{Infobox company
| name = Livspace
| logo = File:Livspace logo.png
| 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 =
| website = [https://www.livspace.com www.livspace.com]
}}

'''Livspace''' (''pronounced as li-v-space''), is a home interior and renovation company head-quartered in Singapore. It provides interior design and renovation services in Singapore and India.<ref>{{Cite web|url=https://www.businesstimes.com.sg/garage/news/home-interior-platform-livspace-plans-to-invest-us30m-to-grow-singapore-business|access-date=2021-08-01|website=www.businesstimes.com.sg}}</ref><ref>{{Cite web|last=Bureau|first=BW Online|title=Home Design Platform Livspace To Invest $30 M In Singapore|url=http://businessworld.in/article/Home-Design-Platform-Livspace-To-Invest-30-M-In-Singapore/31-10-2019-178271|access-date=2021-08-01|website=BW Businessworld|language=en}}</ref> The company was founded in 2014 by Anuj Srivastava and Ramakant Sharma<ref>{{Cite news|last=Kanth|first=K. Rajani|date=2015-08-17|title=Dream decor for dream homes|work=Business Standard India|url=https://www.business-standard.com/article/companies/dream-decor-for-dream-homes-115081600733_1.html|access-date=2021-08-01}}</ref> and has raised a funding of $200 million.<ref>{{Cite news|last=India|first=Press Trust of|date=2020-09-03|title=Livspace raises $90 mn in round led by Kharis Capital, Venturi Partners|work=Business Standard India|url=https://www.business-standard.com/article/companies/livspace-raises-90-mn-in-round-led-by-kharis-capital-venturi-partners-120090301720_1.html|access-date=2021-08-01}}</ref>

== History ==
Livspace was founded in July 2014 by [[Indian Institute of Technology Kanpur|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 [[Bangalore|Bengaluru]], [[New Delhi]] and [[Mumbai]].<ref>{{Cite news|url=https://economictimes.indiatimes.com/small-biz/startups/livspace-enters-modular-kitchen-and-wardrobe-segments-to-roll-out-services-in-bengaluru-delhi-mumbai/articleshow/50347002.cms|title=Livspace enters modular kitchen and wardrobe segments, to roll out services in Bengaluru, Delhi, Mumbai|last=Ganguly|first=Payal|date=2015-12-28|work=The Economic Times|access-date=2018-08-22}}</ref> In 2016, Livspace launched its home design automation platform for interior designers and announced its design partner community program.<ref>{{Cite news|url=http://bwdisrupt.businessworld.in/article/Livspace-Announces-Plan-to-Create-30-000-Design-Entrepreneurs-in-India/28-07-2016-100961/|title=Livspace Announces Plan to Create 30 000 Design Entrepreneurs in India|last=Bureau|first=BW Online|work=BW Disrupt|access-date=2018-08-22|language=en}}</ref> The startup later opened four offline design stores with [[virtual reality]] setups<ref>{{Cite news|url=https://www.thehindubusinessline.com/info-tech/small-firms-snap-up-vr-opportunity-to-assist-homeowners-in-designing-selection/article9901392.ece|title=Small firms snap up VR opportunity to assist home-owners in designing, selection|work=@businessline|access-date=2018-08-29|language=en}}</ref> in [[Bangalore|Bengaluru]], [[Delhi]], [[Gurgaon|Gurugram]] and [[Mumbai]].<ref>{{Cite news|url=https://timesofindia.indiatimes.com/city/chennai/livespace-opens-offline-design-centres-earmarks-rs-25-crore-for-more-centres/articleshow/59357900.cms|title=Livespace opens offline design centres, earmarks Rs 25 crore for more centres - Times of India|work=The Times of India|access-date=2018-08-29}}</ref><ref>{{Cite news|url=https://www.thehindubusinessline.com/info-tech/small-firms-snap-up-vr-opportunity-to-assist-homeowners-in-designing-selection/article9901392.ece|title=Small firms snap up VR opportunity to assist home-owners in designing, selection|work=@businessline|access-date=2018-08-29|language=en}}</ref> In 2018, Livspace announced expansion of its services to [[Hyderabad]].<ref>{{Cite news|url=https://www.thehindubusinessline.com/news/real-estate/livspace-earmarks-rs-20-cr-to-expand-into-hyderabad/article24366956.ece|title=Livspace forays into Hyderabad; earmarks Rs 20 cr for expansion|work=@businessline|access-date=2018-08-29|language=en}}</ref>

== Operations ==

=== Singapore ===
Livspace launched its Singapore operations in October 30, 2019.<ref>{{Cite web|last=Oct 30|first=PTI /|last2=2019|last3=Ist|first3=17:57|title=Livspace expands to Singapore, to invest $30 mn - Times of India|url=https://timesofindia.indiatimes.com/business/india-business/livspace-expands-to-singapore-to-invest-30-mn/articleshow/71822049.cms|access-date=2021-08-01|website=The Times of India|language=en}}</ref><ref>{{Cite web|title=Home interiors startup Livspace enters Singapore, aims for a $500 million business in 2.5 years|url=https://www.businessinsider.in/business/startups/news/home-interiors-startup-livspace-enters-singapore/articleshow/71820231.cms|access-date=2021-08-01|website=Business Insider}}</ref> The company partnered with IKEA in Singapore to offer renovation services to their customers and set up pop-up stores in IKEA Tampines and IKEA Alexandra.<ref>{{Cite web|title=Home interiors startup Livspace enters Singapore, aims for a $500 million business in 2.5 years|url=https://www.businessinsider.in/business/startups/news/home-interiors-startup-livspace-enters-singapore/articleshow/71820231.cms|access-date=2021-08-01|website=Business Insider}}</ref><ref>{{Cite web|last=hermes|date=2019-09-27|title=Ikea rings up $341m in full-year revenue here|url=https://www.straitstimes.com/business/companies-markets/ikea-rings-up-341m-in-full-year-revenue-here|access-date=2021-08-01|website=The Straits Times|language=en}}</ref> In 2021, Livspace opened a joint renovation studio with IKEA in Jurong Point.<ref>{{Cite web|title=First look: IKEA S'pore launches interior design studio in Jurong Point with move-in ready packages from S$9,900|url=https://mothership.sg/2021/01/ikea-planning-studio-jurong-point/|access-date=2021-08-01|website=mothership.sg|language=en}}</ref>

=== India ===
Livspace launched its operations in India in 2014. The India head-quarter is situated in Bangalore.[https://economictimes.indiatimes.com/livspace-disrupts-interior-design-ecosystem-with-brand-capital/articleshow/66376557.cms?from=mdr] It has two services for the customers, namely Livspace Select (for modular products) and Livspace Vesta (full home interiors). <ref>{{Cite web|last=Livspace|title=Dream interiors made possible|url=https://www.livspace.com/in/offerings/livspace-vesta|access-date=2021-08-22|website=Livspace India|language=en}}</ref><ref>{{Cite web|last=Livspace|title=The finest choice in modular solutions|url=https://www.livspace.com/in/offerings/livspace-select|access-date=2021-08-22|website=Livspace India|language=en}}</ref>

Livspace operates in these cities:

* Ahmedabad
* Bengaluru
* Chennai
* Coimbatore
* Delhi
* Gurugram
* Hyderabad
* Indore
* Jaipur
* Kochi
* Kolkata
* Lucknow
* Mangalore
* Mumbai
* Mysore
* Noida
* Pune
* Surat
* Thane
* Vijayawada
* Visakhapatnam

It has 22 Experience Centres across the country including India’s largest experience centre in Marathahalli, Bangalore spanning 23,000 sq ft.[https://www.exchange4media.com/experiential-marketing-news/livspace-announces-launch-of-3-experience-centres-in-bengaluru-chennai-pune-110338.html]<ref>{{Cite web|last=Livspace|title=Work With Livspace: You Design, We Deliver|url=https://www.livspace.com/in/livpreneur|access-date=2021-08-22|website=Livspace India|language=en}}</ref>

== Acquisitions ==
In March 2015, Livspace acquired DezignUp, a design community and marketplace for an undisclosed amount.<ref>{{Cite news|url=https://inc42.com/buzz/in-a-bid-scale-up-its-decor-range-helion-backed-livspace-buys-design-professionals-community-marketplace-dezignup/|title=In A Bid To Scale Up Its Decor Range, Helion Backed LivSpace Buys Design Professionals Community & Marketplace DezignUp - Inc42 Media|date=2015-03-30|work=Inc42 Media|access-date=2018-08-22|language=en-US}}</ref> Later in the same year, the brand announced its acquisition of Dwll.in, an online network of designers and home decor stores.<ref>{{Cite news|url=https://www.business-standard.com/article/companies/livspace-buys-online-network-of-interior-designers-dwll-in-115051900583_1.html|title=Livspace buys online network of interior designers Dwll.in|last=Reporter|first=B. S.|date=2015-05-19|work=Business Standard India|access-date=2018-08-22}}</ref> In September 2015, Livspace acquired YoFloor, a mobile and [[virtual reality]] platform for home design.<ref>{{Cite news|url=https://economictimes.indiatimes.com/small-biz/startups/livspace-acquires-mobile-platform-yofloor/articleshow/48895911.cms|title=Livspace acquires mobile platform YoFloor|date=2015-09-10|work=The Economic Times|access-date=2018-08-22}}</ref>

== Funding ==

* In December 2014, Livspace raised US$4.6 million (Series A) from investors [[Helion Venture Partners]], Jungle Ventures, and [[Bessemer Venture Partners]].<ref>{{Cite news|url=https://www.thehindubusinessline.com/news/variety/SoftBank-invests-90-m-in-Housing.com/article20939846.ece|title=SoftBank invests $90 m in Housing.com|work=@businessline|access-date=2018-08-29|language=en}}</ref>
* In July 2015, it was announced that Gokul Rajaram of [[Square, Inc.|Square]] would be taking on a special advisory role in the startup and had made an angel investment.<ref>{{Cite news|url=https://timesofindia.indiatimes.com/business/india-business/Squares-Rajaram-takes-on-advisory-role-at-Livspace/articleshow/48260003.cms|title=Square's Rajaram takes on advisory role at Livspace - Times of India|work=The Times of India|access-date=2018-08-22}}</ref>
* In August 2015, the startup raised another $8 million in its Series A extension funding round from existing investors [[Helion Venture Partners]], Jungle Ventures, and [[Bessemer Venture Partners]].<ref>{{Cite news|url=https://www.business-standard.com/article/companies/livspace-raises-8-million-from-helion-bessemer-jungle-ventures-115081100346_1.html|title=Livspace raises $8 million from Helion, Bessemer, Jungle Ventures|last=Reporter|first=B. S.|date=2015-08-12|work=Business Standard India|access-date=2018-08-29}}</ref>
* In August 2016, Livspace raised US$15 million from Bessemer Venture Partners as part of its Series B funding.<ref>{{Cite news|url=https://timesofindia.indiatimes.com/venture-capital/Online-design-amp-furniture-startup-Livspace-gets-Rs-100-crore-from-existing-investors/articleshow/53915582.cms|title=Online design & furniture startup Livspace gets Rs 100 crore from existing investors - Times of India|work=The Times of India|access-date=2018-08-29}}</ref>
* According to reports in 2018, the company raised an additional $6 million investment as part of the same round.<ref>{{Cite news|url=https://www.thehindubusinessline.com/companies/livspace-gets-additional-6-m-for-tech-upgrade/article10024665.ece|title=Livspace gets additional $6 m for tech upgrade|work=@businessline|access-date=2018-09-19|language=en}}</ref>
* In 2018, the company secured US$70 million in its series C round led by [[TPG Capital|TPG Growth]], [[Goldman Sachs Capital Partners|Goldman Sachs]] and other existing investors.<ref>{{Cite news|url=https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/livspace-secures-70m-in-series-c/articleshow/65865359.cms|title=Livspace secures $70m in series C|last=Bansal|first=Varsha|date=2018-09-19|work=The Economic Times|access-date=2019-05-02}}</ref><ref>{{Cite web|last=|first=|date=|title=Livspace Raises $70 Million in Round Led by Goldman Sachs, TPG|url=https://www.bloomberg.com/news/articles/2018-09-19/livspace-raises-70-million-in-round-led-by-goldman-sachs-tpg|url-status=live|archive-url=|archive-date=|access-date=2019-05-02|website=www.bloomberg.com}}</ref>
* In May 2019, the Ingka group, strategic partner in the IKEA franchise system, invested in Livspace.<ref>{{Cite web|title=Tech in Asia - Connecting Asia's startup ecosystem|url=https://www.techinasia.com/ikea-invests-indiafocused-interior-design-platform-livspace|access-date=2021-08-22|website=www.techinasia.com|language=en-US}}</ref>
* In 2020, Livspace completed its series D round led by Kharis Capital, Tahoe Investment Group and Venturi Partners.<ref>{{Cite news|last=India|first=Press Trust of|date=2020-09-03|title=Livspace raises $90 mn in round led by Kharis Capital, Venturi Partners|work=Business Standard India|url=https://www.business-standard.com/article/companies/livspace-raises-90-mn-in-round-led-by-kharis-capital-venturi-partners-120090301720_1.html|access-date=2021-08-22}}</ref><ref>{{cite web|url=https://www.mg21.com/livspace.html |title=Livspace(Home Interior Design E-commerce Pvt Ltd.) |publisher=美股之家|date=2021-04-18}}</ref>

== Awards ==

* Livspace was on the list of most innovative companies in the world, 2017 by [[Fast Company]], an American technology, business and design magazine.<ref>{{Cite web|url=https://www.fastcompany.com/company/livspace|title=Livspace: Most Innovative Company|website=Fast Company|language=en-US|access-date=2019-05-02}}</ref>
* Livspace was one of the winners of Red Herring Top 100 Global 2018 awards presented by [[Red Herring (magazine)|Red Herring]], a technology business magazine.<ref>{{Cite web|url=https://www.redherring.com/2018-red-herring-top-100-global-winners/|title=2018 Red Herring Top 100 Global: Winners|website=Red Herring|language=en-US|access-date=2019-05-02}}</ref><ref>{{Cite web|url=https://www.theweek.in/wire-updates/business/2018/11/01/pwr9--livspace.html|title=Livspace Wins Red Herring Top 100 Global 2018 Award|website=The Week|language=en|access-date=2019-05-02}}</ref>
* Co-Founder Ramakant Sharma won India's Hottest Young Entrepreneurs award by [[Businessworld|BW BusinessWorld]], an Indian business magazine, in 2017.<ref>{{Cite web|url=http://businessworld.in/article/Redefining-Indian-Homes-In-Style/18-01-2018-137683|title=Redefining Indian Homes In Style|last=Amin|first=Ruhail|website=BW Businessworld|language=en|access-date=2019-05-02}}</ref>
* Ramakant Sharma was on the list of 50 most influential young Indians in 2018 published by [[GQ (Indian edition)|GQ India]], the Indian edition of the American monthly magazine published by [[Condé Nast|Conde Nast]].<ref>{{Cite web|url=https://www.gqindia.com/content/gq-most-influential-young-indians-2018/|title=GQ's 50 Most Influential Young Indians of 2018|date=2018-12-05|website=GQ India|language=en-US|access-date=2019-05-02}}</ref>
*Livpsace won the Design Excellence Award (Silver) for Best Residential Design in 2020<ref>{{Cite web|last=Livspace|title=Livspace.com|url=https://www.livspace.com/sg/awards|access-date=2021-08-22|website=Livspace.com|language=en}}</ref><ref>{{Cite web|title=Design Excellence Awards 2020 {{!}} Programmes {{!}} Design Excellence Awards {{!}} IDCS|url=https://idcs.sg/site/page/design-excellence-awards-2020|access-date=2021-08-22|website=Interior Design Confederation Singapore (IDCS)|language=en}}</ref>

== References ==
{{Reflist}}

[[Category:Online companies of India]]
[[Category:Interior design firms]]
[[Category:Design companies of India]]
[[Category:Companies based in Karnataka]]
[[Category:Organisations based in Bangalore]]
[[Category:Indian companies established in 2014]]
[[Category:2014 establishments in Karnataka]]

Livspace - Revision history

AAZAMAZEEM at 04:56, 24 March 2026

imported>Salavat: Renamed :File:Livspace home interior design and renovation platform.png to :File:Livspace logo.png: (LuckyRename)