Total amount raised
$431.6 Millions
Latest funding date
Location
Livspace has successfully raised significant funding over multiple rounds, with its latest being a Series F round. The company has attracted a diverse group of investors, including prominent names like Goldman Sachs and TPG Growth.
Keep reading to explore the intricacies of Livspace's fundraising journey and the investors backing this innovative platform.
What Is Livspace?
Livspace, founded in 2014 by Anuj Srivastava, Ramakant Sharma, and Saurabh Jain, is headquartered in Bengaluru, Karnataka, India. The company specializes in providing end-to-end home interior services, connecting customers with designers, services, and products through its proprietary platform, Canvas.
Offering a range of services from modular solutions to full home renovations, Livspace aims to revolutionize the interior design landscape. Their comprehensive offerings include planning, designing, and executing interiors for various spaces, ensuring a seamless experience for their clients.
With a workforce of 1001-5000 employees, Livspace continues to grow and innovate in the home interiors sector, making it a prominent player in the industry.
How Much Funding Has Livspace Raised?
- Series A
- Amount Raised: $4.6M
- Date: December 2014
- Lead Investors: Bessemer Venture Partners, Helion Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish a strong foundation and scale initial operations.
- Series A
- Amount Raised: $8M
- Date: August 2015
- Lead Investors: Bessemer Venture Partners, Helion Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and enhance product offerings.
- Series B
- Amount Raised: $15M
- Date: August 2016
- Lead Investors: Bessemer Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and improve technology infrastructure.
- Debt Financing
- Amount Raised: Not publicly disclosed
- Date: December 2016
- Lead Investors: Trifecta Capital Advisors
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support working capital needs and operational expenses.
- Series C
- Amount Raised: $70M
- Date: September 2018
- Lead Investors: Goldman Sachs, TPG Growth
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand into new markets and enhance service offerings.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: May 2019
- Lead Investors: IKEA
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To strengthen strategic partnerships and expand product lines.
- Series D
- Amount Raised: $90M
- Date: January 2020
- Lead Investors: Kharis Capital, Tahoe Investment Group, Venturi Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enter new geographical markets.
- Debt Financing
- Amount Raised: ₹300M
- Date: October 2020
- Lead Investors: Trifecta Capital Advisors
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support business continuity and growth initiatives.
- Corporate Round
- Amount Raised: $60M
- Date: November 2021
- Lead Investors: Saint-Gobain
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance product innovation and expand market presence.
- Series F
- Amount Raised: ₹13.4B
- Date: February 2022
- Lead Investors: Kohlberg Kravis Roberts
- Valuation at Round: $1.2 billion
- Motivation Behind the Round: To support exponential growth and expand operations across APAC, MENA, and Australia.
Total Amount Raised: $427.6M
Current Valuation: $1.2 billion
Key Investors
- Goldman Sachs
- Details: Goldman Sachs is a leading global investment banking, securities, and investment management firm. Founded in 1869, it is headquartered in New York City.
- Investment Focus Areas: Technology, finance, consumer goods.
- Notable Investments: Uber, Facebook, Spotify.
- TPG Growth
- Details: TPG Growth is the middle market and growth equity investment platform of TPG, a global private investment firm. It focuses on growth-stage companies across various sectors.
- Investment Focus Areas: Growth-stage companies, technology, healthcare.
- Notable Investments: Airbnb, Spotify, Uber.
- Bessemer Venture Partners
- Details: Bessemer Venture Partners is a venture capital firm that invests in early-stage companies. It has a long history of backing innovative startups.
- Investment Focus Areas: Technology, healthcare, consumer products.
- Notable Investments: LinkedIn, Pinterest, Shopify.
- Helion Venture Partners
- Details: Helion Venture Partners is a multi-stage, technology-focused venture fund. It primarily invests in India-based businesses.
- Investment Focus Areas: Technology, e-commerce, financial services.
- Notable Investments: BigBasket, MakeMyTrip, RedBus.
- Trifecta Capital Advisors
- Details: Trifecta Capital Advisors is a venture debt firm that provides financing solutions to high-growth companies. It supports startups with flexible debt capital.
- Investment Focus Areas: Startups, technology, consumer services.
- Notable Investments: UrbanClap, CarDekho, BigBasket.
What's Next for Livspace?
Livspace is poised for significant growth as it expands into new markets across APAC, MENA, and Australia. The acquisition of Qanvast strengthens its presence in Singapore, offering a robust platform for further regional expansion. With a recent $180 million funding round led by KKR, the company is well-positioned to capitalize on the booming demand for home renovation and interior design services.
Future fundraising opportunities seem likely as Livspace aims to scale its business ten-fold in the next 24-36 months. Strategic partnerships and additional investments from existing backers could further fuel its ambitious growth plans. However, the company will need to navigate challenges such as integrating acquisitions and managing rapid international expansion while maintaining service quality.
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