Livspace (''pronounced as li-v-space''), is a home interior and renovation company headquartered in Singapore. It provides interior design and renovation services in Singapore and India. The company was founded in 2014 by Anuj Srivastava and Ramakant Sharma and has raised funding of $450 million.

History

Livspace was founded in July 2014 by

IIT Kanpur The Indian Institute of Technology Kanpur (IIT- Kanpur or IIT-K) is a public institute of technology located in Kanpur, Uttar Pradesh, India. As an Indian Institute of Technology (IIT), it was declared an Institute of National Importance by th ...

alumni Anuj Srivastava, formerly of

Google Google LLC (, ) is an American multinational corporation and technology company focusing on online advertising, search engine technology, cloud computing, computer software, quantum computing, e-commerce, consumer electronics, and artificial ...

and Ramakant Sharma, formerly of

Myntra Myntra is an Indian fashion e-commerce company headquartered in Bengaluru, Karnataka, India. The company was founded in 2007-2008 to sell personalized gift items. In May 2014, Myntra.com was acquired by Flipkart. In May 2022, Myntra launched ...

. In December 2015, the company introduced its private label of modular kitchens and wardrobes and rolled out services in

Bengaluru Bengaluru, also known as Bangalore (List of renamed places in India#Karnataka, its official name until 1 November 2014), is the Capital city, capital and largest city of the southern States and union territories of India, Indian state of Kar ...

New Delhi New Delhi (; ) is the Capital city, capital of India and a part of the Delhi, National Capital Territory of Delhi (NCT). New Delhi is the seat of all three branches of the Government of India, hosting the Rashtrapati Bhavan, New Parliament ...

and

Mumbai Mumbai ( ; ), also known as Bombay ( ; its official name until 1995), is the capital city of the Indian state of Maharashtra. Mumbai is the financial capital and the most populous city proper of India with an estimated population of 12 ...

. In 2016, Livspace launched its home design automation platform for interior designers and announced its design partner community program. The startup later opened four offline design stores with

virtual reality Virtual reality (VR) is a Simulation, simulated experience that employs 3D near-eye displays and pose tracking to give the user an immersive feel of a virtual world. Applications of virtual reality include entertainment (particularly video gam ...

setups in

Delhi Delhi, officially the National Capital Territory (NCT) of Delhi, is a city and a union territory of India containing New Delhi, the capital of India. Straddling the Yamuna river, but spread chiefly to the west, or beyond its Bank (geography ...

Gurugram Gurgaon (), officially named Gurugram (), is a satellite city of Delhi and administrative headquarters of Gurgaon district, located in the northern Indian state of Haryana. It is situated near the Delhi–Haryana border, about southwest o ...

and

. In 2018, Livspace announced expansion of its services to

Hyderabad Hyderabad is the capital and largest city of the Indian state of Telangana. It occupies on the Deccan Plateau along the banks of the Musi River (India), Musi River, in the northern part of Southern India. With an average altitude of , much ...

Operations

Singapore

Livspace launched its Singapore operations in 30 October 2019. and partnered with

IKEA IKEA ( , ) is a Multinational corporation, multinational conglomerate (company), conglomerate founded in Sweden that designs and sells , household goods, and various related services. IKEA is owned and operated by a series of not-for-profit an ...

Singapore to offer renovation services to their customers and set up pop-up stores in IKEA Tampines and IKEA Alexandra. In 2021, Livspace opened a joint renovation studio with IKEA in Jurong Point.

India

Livspace launched its operations in India in 2014. The India head-quarter is situated in Bangalore. It has two services for the customers, namely Livspace Select (for modular products) and Livspace Vesta (full home interiors). It has 22 Experience Centres across the country including India’s largest experience centre in

Marathahalli Marathahalli is an eastern suburb of Bangalore city in Karnataka state of India. The ISRO Headquarters is located near Marathahalli. The Marathahalli main road is connected to Whitefield, ITPL and the Outer Ring Road, Bangalore. Connecti ...

Bangalore Bengaluru, also known as Bangalore (List of renamed places in India#Karnataka, its official name until 1 November 2014), is the Capital city, capital and largest city of the southern States and union territories of India, Indian state of Kar ...

spanning 23,000 sq ft. In 2022 Livspace expanded its operation to cover commercial spaces such as offices, retail, hospitality and warehousing among others.

Expansion

In December 2015, the company introduced its private label of modular kitchens and wardrobes and rolled out services in

, and

. In 2016, Livspace launched its home design automation platform for interior designers and announced its design partner community program. In 2018, Livspace announced expansion of its services to

along with an Experience Centre in the city. In November 2018, Livspace launched operations in

Chennai Chennai, also known as Madras (List of renamed places in India#Tamil Nadu, its official name until 1996), is the capital city, capital and List of cities in Tamil Nadu by population, largest city of Tamil Nadu, the southernmost states and ...

and

Pune Pune ( ; , ISO 15919, ISO: ), previously spelled in English as Poona (List of renamed Indian cities and states#Maharashtra, the official name until 1978), is a city in the state of Maharashtra in the Deccan Plateau, Deccan plateau in Western ...

markets. In 2019, as part of APAC expansions, Livspace made its entry into the Singapore market after a six month pilot. In January 2021, Livspace launched experience centres in Bangalore, Pune and Chennai.

Acquisitions

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

platform for home design.

Funding

* In December 2014, Livspace raised US$4.6 million (Series A) from investors Helion Venture Partners, Jungle Ventures, and

Bessemer Venture Partners Bessemer Venture Partners (BVP) is an American venture capital and private equity firm headquartered in San Francisco. Outside the United States, it has offices in India, Israel, Hong Kong, and the United Kingdom. In 2024, Venture Capital Journa ...

. * In July 2015, it was announced that Gokul Rajaram of

Square In geometry, a square is a regular polygon, regular quadrilateral. It has four straight sides of equal length and four equal angles. Squares are special cases of rectangles, which have four equal angles, and of rhombuses, which have four equal si ...

would be taking on a special advisory role in the startup and had made an angel investment. * 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. * In August 2016, Livspace raised US$15 million from Bessemer Venture Partners as part of its Series B funding. * According to reports in 2018, the company raised an additional $6 million investment as part of the same round. * In 2018, the company secured US$70 million in its series C round led by

TPG Growth TPG Inc., previously known as Texas Pacific Group and TPG Capital, is an American private equity firm based in Fort Worth, Texas. TPG manages investment funds in growth capital, venture capital, public equity, and debt investments. The firm inv ...

Goldman Sachs The Goldman Sachs Group, Inc. ( ) is an American multinational investment bank and financial services company. Founded in 1869, Goldman Sachs is headquartered in Lower Manhattan in New York City, with regional headquarters in many internationa ...

and other existing investors. * In May 2019, the Ingka group, strategic partner in the IKEA franchise system, invested in Livspace. * In 2020, Livspace completed its series D round led by Kharis Capital, Tahoe Investment Group and Venturi Partners. * In February 2022, Livspace raised $180 million in a new round of funding led by

KKR KKR may refer to: * KKR & Co., a global investment firm *Kolkata Knight Riders, an Indian Premier League franchise * Rheinsberg Nuclear Power Plant (), first nuclear power plant in the former East Germany * Kalkara, Malta, postal code KKR *Kir-Bala ...

, which valued the company over a billion, making it a unicorn. Other investors in the round were Ingka Group Investments (part of largest IKEA retailer Ingka Group), Jungle Ventures, Venturi Partners, and Peugeot Investments, among others.

Awards

* Livspace was on the list of most innovative companies in the world, 2017 by

Fast Company ''Fast Company'' is an American business magazine published monthly in print and online, focusing on technology, business, and design. It releases six print issues annually. History ''Fast Company'' was founded in November 1995 by Alan Webb ...

, an American technology, business and design magazine. * Livspace was one of the winners of Red Herring Top 100 Global 2018 awards presented by

Red Herring A red herring is something that misleads or distracts from a relevant or important question. It may be either a logical fallacy or a literary device that leads readers or audiences toward a false conclusion. A red herring may be used intentiona ...

, a technology business magazine.

References

{{Reflist Online companies of India Interior design firms Design companies of India Companies based in Karnataka Organisations based in Bengaluru Indian companies established in 2014 2014 establishments in Karnataka Kohlberg Kravis Roberts companies