LivSpace, an interior design and home furnishings e-commerce startup in India, headquartered in Bengaluru, has raised $ 8 million in an internal round of funding as announced on Tuesday. The company said that with these funds, it would add senior level staffs to their team, expand their business across all metro cities in India and design ‘innovative mobile and designer products.
Helion Venuture Partners, Jungle Ventures and Bessemer Venture Partners, who are already the existing institutional investors, participated in the funding round. Even Gokul Rajaram, who joined recently as a special advisor also invested in the fund raising event. The firm already raised around $ 4.6 million in December in Series A round.
“We’re seeing strong growth and business fundamentals across the board and have created an enviable content, and community driven commerce business in the home design space for the first time in India,” said Anuj Srivastava, CEO and Co-founder of the company, who has previous experience in leadership roles at Google Commerce, Google Maps and Google Ads.
Vice President of Bessemer Venture Partners, Akash Goel, is extremely impressed with the ideas put forward by the founding members of LivSpace and their capacity to carry out, emerging as a disruptor and trendsetter in a big but fragmented market.
LivSpace allows users to browse different looks, customize if required and buy them, offering a curated marketplace for designers and homeowners. LivSpace is an extremely ambitious firm that has already acquired two firms- DezignUp in March and Dwll.in in May and is looking forward to many more. … Read the rest