Livspace, which is in the home design and interiors sector, has posted a 23 per cent increase in revenue to Rs 1,460 crore during the last fiscal, helping the company trim losses to Rs 131 crore. In a statement on Monday, the company said it has posted a revenue of Rs 1,460 crore in FY25 and "a near-50 per cent reduction in adjusted EBITDA loss to approximately Rs 131 crore." The result reflects stronger traction in premium and mass-premium residential segments, higher quality of revenue, and ongoing discipline on costs and unit economics, the company added. Livspace provides a one-stop renovation solution for homeowners -- from design to managing last-mile ful?llment for all rooms in a home. The company has brought together designers, brands, manufacturers and contractors to enable an eCommerce-like experience. Livspace currently serves Singapore (through Qanvast) and over 70 metro and non-metro areas in India. The company has delivered over 120,000 rooms and has sold over 5 mil
The home renovation platform is the 86th "unicorn" from India, according to Venture Intelligence Unicorn Tracker
Bengaluru-based Livspace on Thursday said it will invest USD 30 million (about Rs 220.7 crore) to scale Neo, its proprietary design-to-manufacturing-to-installation platform.
Bengaluru-based Livspace said it has raised $90 million (about Rs 660 crore) in a funding round led by Swiss investment firm Kharis Capital and Venturi Partners.
Livspace, a home interiors and renovation platform, was founded in July 2014 by Anuj Srivastava and Ramakant Sharma and the start-up began its operations in 2015
According to the firm, this is the largest series C round ever raised by a B2C e-commerce company in India
Company plans to reach operational profitability in the next 12-18 months riding on its capital efficient model
The company will also allow designers to create virtual spaces and mockups on the web