Livspace, an interior design and home furnishings e-commerce startup in India, has closed $8 million in fresh funding to expand its nine-month-old service.The Bangalore-based company landed a $4.6 million Series A round earlier this year, and this new raise is described as an expansion of that round. Existing investors Helion Venture Partners, Bessemer Ventures Partners and Jungle Ventures fronted the cash, while a number of undisclosed â€œprominentâ€ angels also put in. The company said the money will be used to expand into more cities, make senior hires and develop its mobile apps and other products.
Livspace, which launched in December 2014, aims to make outfitting a property in India as easy as buying groceries or other products online. The online store includes a range of usual home furnishing products â€” think beds, tables, wardrobes, kitchens, etc. as well as bespoke room/flat designs created by designers.
Customers can also use the service to create their own unique style via a roster of designers who can be hired on a consultancy basis via Livspace. Livspace didn’t reveal any specific details pertaining to its user base or growth, but Bessemer Venture Partners VP Akash Goel said it has seen outstanding growth across all business metrics user traffic, engagement, product launches, and business traction.