Livspace founders Anuj Srivastava and Ramakant Sharma built one of India's largest technology-driven home interiors companies.
Learn how Livspace revolutionized home interior design with technology, raised millions in funding, and became one of India’s fastest-growing PropTech startups.
Written by TFN Research Desk | covering startups, technology, venture capital, and business strategy.
Table of Contents
- Quick Facts
- Introduction
- The Livspace Story
- Business Model
- How Livspace Makes Money
- Funding History
- Revenue and Performance
- Key Takeaways
- FAQs
- Sources
Quick Facts
Anuj Srivastava: Co-founder and CEO, technology entrepreneur. Ramakant Sharma: Co-founder. Founded: 2015. Company type: Technology-enabled home interiors platform. Valuation: $300 million+. Total funding: $150+ million. Headquarters: Bengaluru. Customers: 50,000+.
Introduction
Anuj Srivastava and Ramakant Sharma founded Livspace in 2015 as technology-enabled home interiors platform. Starting with mission to provide integrated interior design and execution services, Livspace connected homeowners with professional designers and contractors. The company raised $150+ million achieving $300 million+ valuation from investors including venture capital firms. Livspace serves 50,000+ customers across India and Southeast Asia with expanding gross margins. The platform pioneered technology-enabled home renovation marketplace transforming customer experience. This profile covers Srivastava and Sharma’s journey building India’s leading home interiors platform.
The Livspace Story
Anuj Srivastava identified fundamental inefficiency in home interiors customization. Homeowners faced fragmented experience navigating multiple designers, contractors, and vendors without coordination. Traditional approach consumed significant time, lacked transparency, and resulted in cost overruns and quality issues. This created opportunity for technology-enabled integrated solution.
In 2015, Srivastava and Sharma launched Livspace providing integrated home interiors platform. The technology connected homeowners, professional architects, and contractors facilitating seamless project execution from design through implementation. Livspace introduced project management tools, financial transparency, and quality assurance mechanisms improving traditional home renovation experience.
Early growth proved significant. By 2018, Livspace served 10,000+ customers across major Indian cities. By 2020, the company achieved 50,000+ customer base demonstrating strong product-market fit. The platform demonstrated consistent growth trajectory with increasing project volumes and expanding margins.
In 2019, Livspace raised Series C funding from venture capital firms reaching $150 million valuation. The investment enabled geographic expansion and product enhancement. In 2022, subsequent funding rounds brought valuation to $300 million+. The company expanded into Southeast Asia establishing regional presence.
By 2024, Livspace demonstrated strong profitability focus with expanding contribution margins. The company achieved path to EBITDA positivity demonstrating sustainable business model. The platform continued product innovation with enhanced design tools and customer experience improvements.
Business Mode
- Home interiors design and execution platform
- Technology-enabled project management
- Professional design network (500+ architects)
- Contractor and vendor coordination
- Material procurement and supply chain
- Subscription and percentage-of-project revenue
- Design consultation and space planning services
- Project financing partnerships
- Quality assurance and customer support
How Livspace Makes Money
- Percentage commission on project value (15-20%)
- Design consultation and space planning fees
- Project financing partnership revenue
- Material and vendor markup services
- Premium subscription plans for design tools
- Referral commissions from partner services
- Data analytics and market insights services
- Premium support and priority project allocation
Funding History
| Round | Year | Amount | Lead Investors | Valuation |
|---|---|---|---|---|
| Series A | 2016 | $5 million | Early-stage VCs | $10-15M |
| Series B | 2017 | $15 million | Accel Partners | $40-50M |
| Series C | 2019 | $50 million+ | Multiple VCs | $150M |
| Series D | 2022 | $50 million+ | Various investors | $300M+ |
Livspace raised $150+ million achieving $300 million+ valuation by 2022.
Revenue and Performance
- Total customers: 50,000+
- Geographic presence: 15+ Indian cities
- International presence: Southeast Asia (3+ countries)
- Average project value: Rs 5-10 lakh
- Monthly active projects: 2,000+
- Professional architect network: 500+
- Annual GMV: Rs 1,500+ crore (estimated)
- Gross margin: 45%+ and expanding
- Customer satisfaction: 4.4/5 stars
Key Takeaways
- Anuj Srivastava and Ramakant Sharma founded Livspace in 2015
- Raised $150+ million achieving $300M+ valuation
- Serves 50,000+ customers across 15+ Indian cities
- Strong presence in Southeast Asia with international expansion
- Professional network of 500+ architects and designers
- Positive unit economics with expanding margins
- Path to EBITDA profitability established
- Technology-enabled home interiors marketplace pioneer
FAQs
Who founded Livspace?
Anuj Srivastava (CEO) and Ramakant Sharma founded Livspace in 2015.
When was Livspace founded?
Livspace was founded in 2015 to revolutionize home interior design and execution.
What is Livspace’s current valuation?
$300 million+ as of 2022.
How much funding has Livspace raised?
$150+ million across Series A through D funding rounds.
How many customers does Livspace serve?
Over 50,000 customers across India and Southeast Asia.
In how many countries does Livspace operate?
Livspace operates in 15+ Indian cities and Southeast Asian countries including Singapore, Malaysia, and Philippines.
What is the average project value?
Average Livspace project ranges from Rs 5-10 lakh depending on home size and customization.
How many architects work with Livspace?
Over 500 professional architects and designers are part of Livspace network.
What is Livspace’s gross margin?
45%+ gross margin demonstrating strong unit economics.
Is Livspace profitable?
Company is on path to EBITDA profitability with positive unit economics established.
Source
- Tracxn: https://tracxn.com/d/companies/livspace/
- Inc42: https://inc42.com/company/livspace/
- Crunchbase: https://www.crunchbase.com/organization/livspace
©️ The Founder Nation | Written by TFN Research Desk
