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Livspace
Livspace
Livspace
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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.[2][3] The company was founded in 2014 by Anuj Srivastava and Ramakant Sharma[4] and has raised funding of $450 million.[5]

Key Information

History

[edit]

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.[6] In 2016, Livspace launched its home design automation platform for interior designers and announced its design partner community program.[7] The startup later opened four offline design stores with virtual reality setups[8] in Bengaluru, Delhi, Gurugram and Mumbai.[9][8] In 2018, Livspace announced expansion of its services to Hyderabad.[10]

Operations

[edit]

Singapore

[edit]

Livspace launched its Singapore operations on 30 October 2019.[11][12] and partnered with IKEA Singapore to offer renovation services to their customers and set up pop-up stores in IKEA Tampines and IKEA Alexandra.[12][13] In 2021, Livspace opened a joint renovation studio with IKEA in Jurong Point.[14]

India

[edit]

Livspace launched its operations in India in 2014. The India head-quarter is situated in Bangalore.[15] It has two services for the customers, namely Livspace Select (for modular products) and Livspace Vesta (full home interiors).[16][17]

It has 22 Experience Centres across the country including India's largest experience centre in Marathahalli, Bangalore spanning 23,000 sq ft.[18][19] In 2022 Livspace expanded its operation to cover commercial spaces such as offices, retail, hospitality and warehousing among others.[20]

Expansion

[edit]

In December 2015, the company introduced its private label of modular kitchens and wardrobes and rolled out services in Bengaluru, New Delhi, and Mumbai.[21] In 2016, Livspace launched its home design automation platform for interior designers and announced its design partner community program.[22]

In 2018, Livspace announced expansion of its services to Hyderabad along with an Experience Centre in the city.[23] In November 2018, Livspace launched operations in Chennai and Pune markets.[24] In 2019, as part of APAC expansions, Livspace made its entry into the Singapore market after a six-month pilot.[25] In January 2021, Livspace launched experience centres in Bangalore, Pune and Chennai.[26]

Acquisitions

[edit]

In March 2015, Livspace acquired DezignUp, a design community and marketplace for an undisclosed amount.[27] Later in the same year, the brand announced its acquisition of Dwll.in, an online network of designers and home decor stores.[28] In September 2015, Livspace acquired YoFloor, a mobile and virtual reality platform for home design.[29]

Funding

[edit]
  • In December 2014, Livspace raised US$4.6 million (Series A) from investors Helion Venture Partners, Jungle Ventures, and Bessemer Venture Partners.[30]
  • 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.[31]
  • 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.[32]
  • In August 2016, Livspace raised US$15 million from Bessemer Venture Partners as part of its Series B funding.[33]
  • According to reports in 2018, the company raised an additional $6 million investment as part of the same round.[34]
  • In 2018, the company secured US$70 million in its series C round led by TPG Growth, Goldman Sachs Alternatives and other existing investors.[35][36]
  • In May 2019, the Ingka group, strategic partner in the IKEA franchise system, invested in Livspace.[37]
  • In 2020, Livspace completed its series D round led by Kharis Capital, Tahoe Investment Group and Venturi Partners.[38][39]
  • In February 2022, Livspace raised $180 million[40] in a new round of funding led by KKR, 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.[citation needed]

Awards

[edit]
  • Livspace was on the list of most innovative companies in the world, 2017 by Fast Company, an American technology, business and design magazine.[41]
  • Livspace was one of the winners of Red Herring Top 100 Global 2018 awards presented by Red Herring, a technology business magazine.[42][43]

References

[edit]
Revisions and contributorsEdit on WikipediaRead on Wikipedia

Livspace

View on Grokipedia
from Grokipedia
Livspace is an Indian technology-enabled and founded in 2014 by Anuj Srivastava and Ramakant Sharma, both alumni of ; Srivastava is a former executive, and Sharma is a former Myntra executive, with Ramakant Sharma serving as CEO and Anuj Srivastava as chairman since 2025, and headquartered in Bengaluru, . The company provides end-to-end solutions for residential interiors, including personalized design consultations, modular furniture and product sourcing, project execution, and renovation services, operating in , , and across more than 100 cities with a network of over 2,000 expert designers. Livspace addresses the fragmented home interiors industry by integrating technology platforms like its app for design visualization, ensuring quality control, transparent pricing, and timely delivery to simplify the homeowner experience. Since its inception in Bangalore, the company has grown significantly, achieving status in 2022 with a valuation exceeding $1 billion, backed by investors such as TPG Growth, , and , and has designed over 100,000 homes while earning accolades like "'s Most Trusted Brand" in 2021.

History

Founding and early years

Livspace was founded in July 2014 in Bengaluru, , by Anuj Srivastava, who serves as CEO, and Ramakant Sharma, both alumni with prior experience at and , respectively. The company was incorporated that month, with operations officially launching in Bengaluru in January 2015. From its inception, Livspace operated as an online platform focused on connecting homeowners with interior designers and renovation services, addressing the fragmented home interiors market in India. It adopted a three-sided marketplace model that integrated homeowners, certified designers, and suppliers to streamline the design and execution process. In December 2015, Livspace introduced its first major product line, consisting of private-label modular kitchens and wardrobes, which were rolled out initially in Bengaluru alongside expansions to New Delhi and Mumbai. This marked a shift toward end-to-end service delivery, combining design consultation with product manufacturing and installation.

Initial expansions in India

Following its founding in Bengaluru, Livspace began scaling operations across in 2016 by expanding into major metropolitan areas, starting with launches in and . This move allowed the company to tap into larger urban markets, completing over 1,000 home interior projects that year. The expansion included openings in Delhi-NCR, including and , enabling broader access to northern customers seeking end-to-end services. To enhance during this phase, Livspace introduced (VR)-enabled design stores in 2016, featuring immersive experiences in Bengaluru, Delhi, Gurugram, and . These studios allowed clients to visualize customized interiors in a more interactive way, integrating technology to bridge the gap between digital planning and physical realization. This innovation supported the company's growth by improving design consultations and contributing to the completion of modular and full-home projects across new cities. By 2018, Livspace marked a significant milestone in southern India with its entry into Hyderabad, launching operations there in August to capture the region's burgeoning demand for modern home renovations. This expansion, part of a broader push into and that year, resulted in over 5,000 homes designed nationwide and strengthened the company's footprint in tier-1 southern markets. The period also saw the establishment of initial Experience Centres to showcase designs and materials, with openings in Bengaluru, , and in 2016, followed by one in in 2017. These centres served as hubs for customer interactions, demonstrating modular furniture and full interiors to build trust and drive adoption. Early infrastructure efforts laid the groundwork for larger facilities, emphasizing scalable supply chains. To support modular solutions, Livspace formed initial partnerships with suppliers, introducing private-label options for kitchens and wardrobes that integrated into its offerings like Livspace Select for budget-friendly modular products. These collaborations ensured reliable sourcing and customization, aligning with the company's expansion strategy through 2018.

Business model and services

Core offerings

Livspace provides end-to-end home and services, encompassing initial consultation, customized design planning, material selection, execution of civil works, custom furniture installation, and final handover. These services cover full-home transformations, including kitchens, bedrooms, living rooms, and bathrooms, with a focus on high- deliverables such as false ceilings, , tiling, and cladding. The company guarantees a 45-day move-in timeline for projects and includes 146 checks throughout the process, backed by a flat 10-year on services. In addition to comprehensive renovations, Livspace offers modular furniture solutions tailored for kitchens, wardrobes, and living spaces, drawing from a catalog exceeding 20 products to enable customizable and space-efficient designs. Under Livspace Select, the company provides customizable, budget-friendly modular solutions for areas like kitchens, wardrobes, TV units, and bookshelves. In June 2024, Livspace launched Vinciago as its premium interior design brand, curating high-end, unique design and product options that integrate seamlessly into residential interiors. These offerings prioritize functionality and aesthetics, allowing customers to select pre-designed modules or personalize components for optimal home utilization. Livspace expanded its portfolio in 2022 with commercial interior services through Livspace for Business, targeting offices, retail spaces, hospitality venues, and warehouses. This B2B vertical provides specialized design and execution for corporate clients, including notable partnerships with entities like , , , and Pizza, addressing the growing demand in India's commercial sector which saw approximately 30% growth in major cities during that period. To support scalability, Livspace operates a franchise model for its and furniture , requiring an initial of approximately INR 20–25 lakhs per store, which covers setup, training, and marketing support from the brand. Franchisees receive support in hiring and training staff. The customer journey at Livspace begins with design customization through consultations with over 3,500 designers, followed by material sourcing from vetted suppliers and comprehensive to ensure timely delivery and . This process is supported by digital tools for visualization and estimation, enabling seamless tracking from inspiration to completion across key markets like .

Technology and platforms

Livspace operates as a three-sided through its online platform, connecting homeowners with over 2,000 certified interior designers and a network of suppliers for home design products and services. This model facilitates seamless collaboration, enabling designers to access tools for project execution while suppliers manage inventory and directly on the platform. The company introduced (VR) and (AR) tools to enable virtual design visualization, allowing customers to experience proposed interiors in immersive walkthroughs before finalizing decisions. These technologies integrate with the platform's design automation features, which were launched in 2016 to streamline the creation of customized home layouts. By 2017, VR-enabled experience centers began incorporating these tools for in-person demonstrations. Livspace incorporates design-tech integrations such as (ML) algorithms for personalized design recommendations, analyzing user preferences to suggest tailored interior options. Additionally, dedicated project tracking applications provide real-time monitoring of , delivery, and installation phases, ensuring transparency and across the renovation process. An strategy blends the digital platform with physical infrastructure, including over 123 Experience Centres across more than 95 cities as of mid-2025, where customers can book consultations online and explore designs in immersive settings. This approach supports hybrid interactions, from virtual bookings to on-site VR previews. Livspace leverages data analytics to optimize its , using real-time dashboards and data lakes to manage , , and logistics for on-demand manufacturing. These analytics also generate customer insights, informing personalized service enhancements and operational efficiencies.

Operations by region

India

India serves as Livspace's primary market, accounting for approximately 85% of its operating revenue in FY25. The company maintains a robust operational footprint across more than 90 cities, including major urban centers such as Bengaluru, , , , , and Hyderabad, as well as tier-2 locations like , , , and . This extensive presence enables Livspace to cater to diverse regional preferences in home interiors, leveraging a network that supports end-to-end design and renovation services nationwide. Livspace operates over 150 Experience Centres and studios across , providing customers with immersive showrooms to visualize designs and materials. These facilities, which include company-owned and franchise-owned outlets, emphasize hands-on consultations and customization. The company plans to expand this infrastructure to more than 200 centres spanning over 100 cities by March 2026, driven by a franchise-led growth strategy that requires an investment of INR 2–2.5 million per store to accelerate penetration into emerging markets. This model combines proprietary technology for virtual planning with physical touchpoints to streamline the renovation process. To ensure quality and efficiency in material sourcing, Livspace collaborates with local suppliers and leverages its with IKEA's Ingka Group, which facilitates access to global sourcing networks and product portfolios. This alliance, stemming from Ingka's investment, allows Livspace to integrate affordable, sustainable materials into its offerings while supporting synergies for the Indian market. Such partnerships are crucial for maintaining cost-effectiveness in modular furniture and fittings. Livspace holds a leadership position in India's organized home interiors sector, particularly targeting urban middle-class households seeking renovations that blend functionality with modern aesthetics. With a focus on premium and mass-premium segments, the company has consolidated its dominance amid rising demand from expanding urban populations. In FY25, these operations generated Rs 1,460 in revenue for the group, underscoring Livspace's scale in delivering comprehensive interior solutions annually through its franchise-driven expansion.

Singapore

Livspace launched its operations in on October 30, 2019, establishing the as its and the base for expansion, with an initial investment of US$30 million to build local teams and supply chains. The entry targeted Singapore's fragmented home interiors market, offering end-to-end , , and modular furniture services through a technology platform that streamlines visualization, budgeting, and execution. In January 2021, Livspace partnered with to launch the country's first stand-alone planning studio at , integrating Livspace's design and renovation expertise with IKEA's retail offerings for personalized home solutions. This collaboration provided customers with one-stop services, including 3D planning, product selection, and project management, particularly for HDB BTO flats and condominiums, with packages starting from S$9,900. The studio, which operated until July 2023, enabled in-person consultations and showcased tech-driven designs in a competitive urban market. By 2022, Livspace expanded its physical presence with a center in and additional centers in and East Coast, alongside its headquarters at United Square, to better serve Singapore's urban residential clientele. These multiple studios support a workforce of over 100 professionals, emphasizing high-end residential renovations with a focus on customized interiors for apartments and landed properties. Livspace's tech-enabled platform facilitates quick turnarounds, offering a 45-day move-in guarantee, 146 quality checks, and proprietary tools for 2D/3D visualization to ensure efficient project delivery in Singapore's fast-paced housing sector.

Saudi Arabia

Livspace entered the Saudi Arabian market in 2021 through a $25 million joint venture with the Alsulaiman Group (ASG), aimed at expanding its home interiors and renovation services across the Middle East, starting with the Kingdom. This 50:50 partnership leverages ASG's over 40 years of local market expertise and regional presence to integrate Livspace's technology-driven platform with Saudi-specific insights. The launched a design and development platform customized to Saudi preferences, emphasizing high-quality, customer-specified interiors that align with local living standards and national development goals. Initial operations focused on residential interiors in major cities such as and , where Livspace established dedicated studios to provide end-to-end services from design consultation to installation. These studios, operational as of 2025, incorporate elements like modular and full- interiors suited to the region's demands. Livspace aims to become the largest platform in by capitalizing on ASG's established networks and investing in localized growth strategies. Amid a burgeoning market projected to reach $33.90 billion by 2030, this expansion aligns with broader objectives, adapting core technologies for regional efficiency while prioritizing residential solutions.

Malaysia

Livspace expanded into in 2022 through a partnership with , offering and renovation services starting at IKEA stores in . This provides end-to-end solutions, including 3D and project execution, tailored to Malaysian residential needs such as apartments and landed homes. As of 2025, Livspace maintains an active presence with a team of designers and has completed numerous , leveraging its technology platform for visualization and . Operations focus on urban markets, supporting the company's growth strategy.

Growth and expansion

Geographic and market expansion

Livspace began diversifying its portfolio beyond residential interiors in 2022 by entering the commercial sector, targeting offices, retail outlets, venues, and warehousing facilities to capitalize on growing demand in non-residential design services. The company initiated its international expansion into the in 2021 through a with Alsulaiman Group, establishing as its flagship market to leverage the region's burgeoning and interiors sector. To scale operations domestically, Livspace outlined plans to extend its presence to over 100 cities in by 2026, primarily through a franchise-owned-franchise-operated (FOFO) model that enables localized growth while maintaining brand standards. This strategy supports an anticipated increase in its store network from more than 150 locations in 2025 to over 200 by March 2026, enhancing accessibility for customers across urban and tier-II markets. In preparation for an , Livspace plans to file for a domicile reversal from to during the 2025-2026 period, aligning its corporate structure with its primary market to facilitate listing on Indian exchanges.

Acquisitions and investments

Livspace has engaged in several acquisitions and strategic investments to bolster its capabilities in , and supply chain management, marking a key aspect of its inorganic growth strategy. In early 2015, the company completed three acquisitions to build its foundational ecosystem in . In March, Livspace acquired DezignUp, a and marketplace connecting professionals with homeowners, enabling it to expand its decor offerings and integrate a core team of designers. In May, it acquired Dwll.in, a curated online network of interior designers, which enhanced access to specialized talent and supported end-to-end home services. By September, Livspace acquired YoFloor, a mobile platform providing virtual trial rooms and 3D visualization for home designs, allowing customers to preview renovations digitally and improving designer productivity. Following a period of organic scaling, Livspace pursued international expansion through acquisition. In December 2021, it acquired a majority stake in Qanvast, a Singapore-based platform that connects homeowners with interior designers and renovation professionals, strengthening its presence in and integrating community-driven design insights. To sustain this momentum, the company earmarked $100 million in October 2022 specifically for strategic acquisitions targeting complementary assets in the home interiors sector. In August 2025, Livspace made a strategic investment of over $5.5 million for an undisclosed stake in TPlusA, a Bengaluru-based furniture startup specializing in premium hardware and accessories, aimed at enhancing efficiency and . Overall, these three full acquisitions, one majority stake—along with targeted investments—have focused on technology platforms and enhancements, directly supporting Livspace's broader market expansion efforts.

Funding and financials

Investment rounds

Livspace began its funding journey with a of $4.6 million in December 2014, backed by Helion Venture Partners, Jungle Ventures, and . This initial capital supported the company's early operations in providing end-to-end home and services in . Subsequent rounds built on this foundation, with a notable Series C investment of $70 million in September 2018, led by TPG Growth and including participation from . The funding enabled expansion into new markets and enhancements to its digital platform. By the end of 2021, Livspace had accumulated approximately $270 million in total funding across multiple rounds from a diverse set of investors, including early backers like Helion Venture Partners and later participants such as TPG and IKEA's Ingka Investments. The company's growth trajectory culminated in a Series F round of $180 million in February 2022, led by KKR with contributions from , Jungle Ventures, Venturi Partners, and Peugeot Investments. This round propelled Livspace to unicorn status, with a surpassing $1 billion.
Round TypeDateAmount RaisedLead Investor(s)Key Other Investors
Series ADecember 2014$4.6 millionN/AHelion Venture Partners, Jungle Ventures,
Series CSeptember 2018$70 millionTPG Growth, Jungle Ventures,
Series DSeptember 2020$90 millionKharis Capital, Tahoe Investment GroupVenturi Partners, , TPG Growth
CorporateNovember 2021$60 millionN/A
Series FFebruary 2022$180 millionKKR, Jungle Ventures, Venturi Partners,

Revenue, valuation, and future plans

In 2023 (FY23), Livspace reported revenue of ₹1,148 (approximately $140 million), marking an 85% year-over-year increase, though the company incurred a net loss of ₹793 due to expansion costs and operational scaling. By FY25, revenue grew 23% to ₹1,460 ($164.8 million), driven by demand in premium and mass-premium segments, with adjusted EBITDA losses narrowing by 47% to ₹131 through improved cost controls and efficiency gains. Livspace achieved status in 2022 with a exceeding $1 billion following a $180 million Series F round led by KKR, and its total has surpassed $500 million across more than 12 rounds from investors including TPG, IKEA's Ingka Group, and others. In 2025, the company received internal infusions from its Singapore-based entity, totaling approximately $92 million (₹789 ), to support ongoing operations and growth initiatives ahead of its public market entry. Looking ahead, Livspace plans to file for a reverse domicile flip from to in 2025, aiming to complete the process by year-end to facilitate an (IPO) targeted for late 2025 or early 2026, subject to regulatory approvals and market conditions. This move aligns with the company's strategy to leverage India's capital markets for further expansion into omnichannel retail and international markets.

Awards and recognition

Industry awards

Livspace received early recognition from industry bodies for its innovative approach to integrating design and technology in the home interiors sector. In 2015, the company was awarded the "Innovative Start-up of the Year" by Entrepreneur magazine, highlighting its platform's role in connecting designers, suppliers, and customers to streamline the renovation process during its initial expansion phase. Building on this momentum, Livspace was named one of India's 10 Most Innovative Companies in 2017 by , praised specifically for its design-tech integration that enabled previews and customized modular solutions, marking a pivotal acknowledgment of its platform innovation in the Indian . In 2018, Livspace earned a spot in the Top 100 Global award, recognizing its excellence as a startup disrupting the home category through scalable, technology-driven services that addressed inefficiencies in traditional design and execution. These honors underscored Livspace's early contributions to the home segment within India's burgeoning startup landscape, emphasizing its proprietary platform as a key enabler of efficient, end-to-end renovations. In 2022, Livspace was recognized as "India's Most Admired Interior Brand" by Construction World magazine.

Media and analyst accolades

A September 2024 Bloomberg report highlighted Livspace's market leadership in , where it derives 85% of its revenue as of that date, noting the company's path toward its first profit amid an expanding and efficient integration. FY25 financial results reported in October 2025 showed losses narrowed by 42% to Rs 131 crore, supporting ongoing progress toward profitability. Reports from Tech in Asia in October 2025 praised the company's scalable franchise model and path to profitability, noting an requirement of INR 2-2.5 million per franchise for display, branding, and launch to enable rapid . In , Livspace's operations through its Qanvast platform have been recognized for market leadership, as noted in regional analyses. Recent features from 2024-2025 have lauded Livspace's design-tech leadership in the home renovation sector, with e27 at Echelon Singapore 2025 describing it as "the world’s platform" for leveraging technology, trust, and adaptability to reshape global interiors. Analysts have also commended its approach, including 3D visualization tools and engines, for streamlining renovations and establishing it as a frontrunner in the industry.

References

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