End-to-end home design and decor platform Livspace has raised $8 million from existing investors Helion Venture Partners, Bessemer Venture Partners and Jungle Ventures.
Livspace will use the funds to expand across all metros in India, enhance design content and technology, hire senior level talent and build mobile and designer oriented products.
Since its launch in December 2014, the company has acquired two firms – DezignUp and Dwll.in – and has raised a total of $12.6 million including a Series A round.
The home design and decor market is estimated to be worth $30 billion but is largely unorganized. Further, the space is expected to grow at 25% y-o-y over the next few years.
Apart from the three venture capital firms, the round also saw investment from existing angel investors including Gokul Rajaram.