You are here: Home » Companies » Start-ups » News
Business Standard

Bengaluru-based online home design firm Livspace raises Rs 100 crore in fresh funding

Company plans to reach operational profitability in the next 12-18 months riding on its capital efficient model

Alnoor Peermohamed  |  Bengaluru 

Bengaluru-based online home design and decor startup Livspace has raised Rs 100 crore (approx $15 million) in fresh funding led by Bessemer Venture Partners to take on larger rivals Urban Ladder and Pepperfry.

Founded by former Googler Anuj Srivastava and ex-VP of engineering at Myntra Ramakant Sharma, Livspace plans to reach a run rate of Rs 600-700 crore riding on its latest round of funding. Further the company plans to reach operational profitability in the next 12-18 months riding on its capital efficient model. "The overall gross margins of the business is about 40-45 ...

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Mon, August 29 2016. 18:50 IST