Interior design startup Livspace to soon announce $100m fresh funding
Summary
Responding to an emailed query by this website, a Livspace’s spokesperson said, “At Livspace, we do not comment on market speculation.” The startup plans to use the funding to expand its footprint beyond metros in India, and to ramp up its operations in Singapore. Livspace was founded in 2015 by former Google executive Anuj Srivastava and his friend Ramakant Sharma, who was earlier with Myntra. Less than a year prior, the Bengaluru-based company raised $70 million in a round led by TPG Growth and Goldman Sachs. Last month, HomeLane raised $30 million in a fresh round of funding to fuel its expansion into home renovation as a service and to expand into 10 new cities. Meanwhile, both Pepperfry and Urban Ladder are also expanding their offline stores, adding to their inventory and beefing up their supply chain.