Livspace, a Leading Home Interiors and Renovations Platform, Invests $30M in Singapore
Livspace, India’s leading home interiors and renovations platform, has launched its operations in Singapore. Founded in 2015 by Ramakant Sharma and Anuj Srivastava, Livspace has pioneered the world’s only operating system for the home interiors and renovation industry. The company provides a three-sided marketplace and a design automation platform that connects homeowners, certified designers, and vendors. This end-to-end service offers customers a seamless home interiors and renovation experience.
Canvas, Livspace’s proprietary design-to-installation platform, unifies and delivers value to the participants—including homeowners, designers, micro-studios and vendors. “Over the next 30 months, we aim to build Livspace into a US$500 million business operating across APAC and solve the renovation problem for tens of thousands of homeowners. Singapore marks the first step in our APAC growth and will serve as the headquarters for our global expansion,” said Livspace’s CEO and Co-Founder, Anuj Srivastava.
Livspace uses data science enabled algorithms to match homeowners with the best designers (based on style preferences, budget, scope of work and timelines). Homeowners, through the proprietary Canvas platform, see quick looks that give the look-and-feel of their dream home and the related e-commerce like shopping cart of products and services. The company then assures the delivery of the project through to final installation, using technology to make the experience as seamless as possible.
By investing $30 million in Singapore to rapidly expand their business and grow the team, Livspace has plans to base over 250 employees in Singapore, including central platform teams. Over the next two years, the company aims to onboard thousands of freelance designers, contract manufacturers, OEMs and brands to build the best e-commerce supply chain for the home improvement industry. Livspace will also invest in creating the first omnichannel experience in the industry using AR, VR and platform-integrated physical design experience centres.
Outside of Singapore, Livspace currently serves nine metro areas in India. It has a network of 20 design centres and experience apartments across the country. The company works with 3,500 registered designers and has designed 20,000 homes.
Image Credit: Livspace.com