Livspace

India based home interiors and renovation startup Livspace raised US$ 90M in Series D round on 2 Sep 2020. The Swedish retailer Ikea is also one of its investors.

The Series D funding round was led by Kharis Capital and Venturi Partners to fuel its expansion in Asia. Livspace received backing from new investors, EDBI of Singapore and FFP, the Peugeot family’s investment company. It raised US$ 85M equity and US$ 5M in debt. Its existing investors include Ingka Investments, which controls IKEA, TPG Growth, Goldman Sachs Group Inc., Ratan Tata’s UC-RNT Fund and Bessemer Ventures.

The funds raised will be utilized to expand to countries- Malaysia, Indonesia and Australia.

About the company

Livspace was co-founded in 2014 by Anuj Srivastava (CEO) and Ramakant Sharma (CTO).  It connects customers with designers and vendors through its platform to help them furnish homes in Singapore and nine metropolitan areas across India.

Livspace aims to remove the hassle out of interior design. Their customers can easily look through ideas, chose a plan and implement it. By bringing all parties on a single platform, Livspace claims that it offers greater cost savings to its consumers and more efficient time management for designers. With the help of Ikea, expanding overseas has been the goal of the company for over a year.

About the founders

Anuj Srivastava and Ramakant Sharma
Co-founders – Ramakant Sharma and Anuj Srivastava



Anuj Srivastava and Ramakant Sharma were college friends.  The idea of founding Livspace emerged out of their own trouble experience with home interior, when they were looking for the right professionals. They realised that even after spending so much time and money they still weren’t sure of a fair price, quality or the final result. To help other homeowners come out of such misery, they created Livspace.

Anuj Srivastava– He had worked in the Silicon Valley before as the Global Head of Product Marketing for the eCommerce team at Google.  He did his Undergraduate studies from IIT Kanpur and received his MBA from the London Business School. He has lived in India, San Francisco, London, New York, and Singapore.

Ramakant Sharma– Ramakant was a part of the core team and Vice President of Engineering at Myntra (acquired by Flipkart). He graduated from IIT Kanpur and got his MBA degree from Indian School of Business, Hyderabad.

With the latest funding, Livspace’s total funding amount has risen to US$ 200M. Even though Covid-19 pandemic has disrupted many businesses, investors continue to fund Asian startups as they see a potential to gain market share in sectors and areas that benefit from rise in online activities.

“It would be inaccurate to say we weren’t affected by the lockdowns. But something fundamentally changed in internet retail businesses in the last four months, and we see demand coming back”, said CEO Anuj Srivastava.


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Komal writes about the startup ecosystem on VCBay. She is an Economics Hons. graduate from Miranda House, Delhi University, and is passionate about the world of entrepreneurship and finance.

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