Livspace Co-founders Anuj Srivastava and Ramakant Sharma
Livspace, digital home interiors, and renovations platform announced that it has launched its operations in Singapore.
Livspace was founded in 2015 by Ramakant Sharma and Anuj Srivastava, seeking to provide a three-sided marketplace and a design automation platform that connects designers, vendors, and consumers. It is a full-stack service that offers consumers a home decoration and renovation experience from design to installation.
Livspace also has Canvas, its proprietary design-to-installation cloud platform, launched in 2016, that unifies the fragmented ecosystem of home renovations – including homeowners, designers, micro-studios, and vendors.
Livspace uses data science-enabled algorithms to match homeowners with designers based on style preferences, budget, the scope of work and timelines. Homeowners – through the Canvas platform – can see quick mock-ups that give the look-and-feel of their home.
The company then assures the delivery of the project, using technology to make the experience as seamless as possible.
Also Read: Livspace raises US$15M to help you personalise the interior of your home
“Over the next 30 months, we are aiming to build Livspace into a US$500 million business operating across APAC and solving 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.
Ravindran Shanmugam, Country Head of Singapore for Livspace. “We are looking to strengthen our presence in Singapore by injecting US$30 million for our business expansion and to grow our team.”
The company plans to base central teams and over 250 employees in Singapore.
Over the next two years, Livspace said it will onboard thousands of freelance designers, contract manufacturers, OEMs, and brands to build the e-commerce supply chain for the home improvement industry.
Livspace also plans to create an omnichannel experience using AR, VR, and platform-integrated physical design experience centres.
Also Read: Livspace secures US$70M from TPG Growth, Goldman Sachs, Jungle Ventures, others
Livspace has raised over US$103 million in the capital by investors including TPG Growth, Goldman Sachs, Bessemer Venture Partners, Jungle Ventures, Helion Ventures, and UC-RNT.
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