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Livspace Lays off 450 employees due to impact from COVID-19

26May By AdityaNo Comments

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Livspace Lays off 450 employees due to impact from COVID-19

Bengaluru-based Livspace, which is into home design and renovation, has laid off 450 employees 15 percent of its total workforce due to an adverse impact of the coronavirus-induced lockdown. The decision to lay off was taken last week. Earlier this month, leading co-working operator WeWork India also announced laying off nearly 100 employees. Founded in 2015 by Ramakant Sharma and Anuj Srivastava, Livspace provides a three-sided marketplace and a design automation platform that connects homeowners, certified designers and vendors. Livspace uses data science-enabled algorithms to match homeowners with designers (based on style preferences, budget, scope of work and timelines). "Due to the COVID-19 pandemic, like every business in the discretionary purchase sector, Livspace also...

Design Café Brings the First-ever Home Design Experience Lounge to Bangalore

In a quest to make design more accessible to everyone, Design Café, one of the leading interior design firms in Bangalore, launched its first Home Design Experience Lounge this week in Bangalore. Set in the plush residential locales of Whitefield, the 2500 sq. ft., experience lounge will compliment their revolutionary website http://www.designcafe.xyz, which allows you to design your home online in four easy steps. At the lounge, you can meet award-winning designers who will guide through 100's of pre-curated home designs for every room and create instant 3D designs for you. The lounge also showcases the latest materials and brands from all over the world and in every budget, so you can touch and feel everything before you make your home. This is the first-of-its kind lounge that bridges t...

Livspace Raises Rs 100 Cr Series B Funding From Existing Investors

Online home design company Livspace today said it has raised Rs 100 crore from existing investors in a second strategic round (Series B) of funding. The round was led by Bessemer Ventures Partners and saw participation from Jungle Ventures and Helion, Livspace said in a statement here. The funds will be used to launch services across cities -- Noida, Gurgaon, Mumbai in 2016 and Pune, Hyderabad in the first half of 2017, it added. This round of funding comes close on the heels of the company's launch of its Home Design Automation Platform. "With this round of funding we will aim to reach revenue of USD 100 million by the end of 2017 and achieve operational profitability across cities," Anuj Srivastava, CEO and Co-founder of Livspace, said. Founded by Srivastava and Ramakant Sharm...