ⓘ From left: Livspace founders Ramakant Sharma and Anuj Srivastava; image credits: Entrepreneur.com
The Bengaluru, India-based Livspace, a home decor startup has today announced that it has raised $60 million in a funding round led by Hong Kong-based Tahoe Investment Group, Singapore’s Mercer Investments , and EDB Investment with backers including Kharis Capital, and Nicholas Cator, the managing director of Venturi Partners.
As reported by the Economic Times, the latest investment is a part of an ongoing round which is projected to be closed next month at $90 to $100 million.
The Bengaluru-based company hasn’t shared any word regarding the deployment of the funds yet.
Founded in 2012 by Anuj Srivastava and Ramakant Sharma, Livespace lets users explore through thousands of interior design options. The company leverages design and data science technologies to help users visualise the look and feel of their homes before making the purchase decision. Customers can also visit Livspace’s offline studios for the demonstration of the design and make comparison with their expectations.
According to Crunchbase, so far the company has raised over $190 million from a big portfolio of investors including TPG Growth, Goldman Sachs, IKEA, Trifecta, Bessemer Venture Partners and Helion Venture Partners.
The company is operational in Indian cities including Bengaluru, Gurugram, Noida, Mumbai, Pune, Thane, Delhi, Hyderabad, and Chennai; and claims to have served over 20,000 customers until now.