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