Livspace
Overview
Livspace is a prominent home interior and renovation company headquartered in Singapore, with operations across Singapore, India, and the Kingdom of Saudi Arabia. Founded in July 2014 by IIT Kanpur alumni Anuj Srivastava, formerly of Google, and Ramakant Sharma, formerly of Myntra, Livspace has established itself as a leading platform for interior design and renovation services. As of 2025, Livspace has raised around $527 million over various funding rounds, highlighting its strong market position and growth trajectory. The company's offerings include modular interiors, full home renovations, and luxury interiors, making it a one-stop solution for homeowners' design needs.
Recent Developments
- August 2025: Livspace announced a revenue run-rate of INR 1,500 crore for FY25, reflecting a robust growth in the home interiors market. The company aims for EBITDA profitability by March 2025.
- July 2024: Livspace launched a premium brand called Vinciago, aimed at capturing the growing demand for luxury home interiors. The brand plans to expand across 21 metro and non-metro cities in India.
- 2024: The company has moved its domicile to India as part of its preparation for an IPO, expected by late 2025 or early 2026. This shift aligns with recent regulatory changes in India, streamlining the process for companies to redomicile.
- 2023: Livspace's India business became cash-flow positive, with an expected 30% revenue growth for the fiscal year 2023-24. The company continues to prioritize strategic expansions within the country, leveraging its innovative business model.
- 2022: Livspace raised $180 million in a funding round led by KKR, boosting its valuation over $1 billion and earning unicorn status. This round supported its expansion into APAC, MENA, and Australia.
Company Information
| Attribute | Information |
|---|---|
| Founding Date | July 2014 |
| Headquarters | Singapore |
| Founders | Anuj Srivastava, Ramakant Sharma |
| Revenue | INR 1,148 crore for FY23 |
| Profits | Not disclosed |
| Key Investors | KKR, TPG Growth, IKEA Group, Bessemer Venture Partners |
| Industry | Home Interior and Renovation |
| Number of Employees | Approx. 4,313 |
Early History
Livspace was founded in 2014, born out of the founders' experiences with challenges in home renovation. Anuj Srivastava and Ramakant Sharma saw an opportunity to streamline the fragmented home design market in India by offering an integrated solution through a digital platform. Early on, Livspace acquired multiple startups, including DezignUp and Dwll.in, to bolster its capabilities and market reach. The introduction of private label products like modular kitchens and wardrobes marked a significant stride in its growth. The initial focus was on automating interior design services to provide better transparency and a more personalized offering for homeowners.
Company Profile and Achievements
Livspace operates on an integrated platform model, offering a seamless experience from design to execution. The company connects homeowners with interior designers and vendors through its Canvas platform, facilitating a tailored design experience. Key achievements include:
- Expansion: From a startup, Livspace has grown to serve over 100,000 homes, with operations in countries across APAC and MENA.
- Technology Integration: Leveraging AI and AR for home design visualization, improving customer engagement and satisfaction.
- Awards and Recognition: Named among the world's most innovative companies by Fast Company and featured in the Red Herring Top 100 Global awards.
Current Operations and Market Position
Currently, Livspace is a leader in the home interior sector, particularly in India and Southeast Asia. It provides a wide range of services tailored to different market segments, from affordable solutions to luxury designs. The company’s emphasis on technology, such as 3D visualization and a comprehensive online marketplace for materials and designs, gives it a competitive edge. Livspace continues to expand its physical presence, planning to double its store count to 200 by the fiscal year's end, focusing on non-metro markets in India such as Patna and Varanasi.
Conclusion
Livspace has firmly positioned itself as a transformative force in the home interior and renovation industry. With strategic investments in technology and continuous geographic expansion, the company is poised for significant growth. The planned IPO in the coming years reflects confidence in its business model and market strategy. As it continues to innovate and expand, Livspace is likely to shape the future of home interiors, tailoring solutions to the needs of an increasingly discerning consumer base.