Online Home Design Startup Livspace Raised $70 Million in Series C Funding
Online home design and décor company Livspace has raised an amount of $70 million in a series-C financing round. The particular round was led by private equity firm TPG Growth and Goldman Sachs. This has made it one of the largest funding rounds in the vertical e-commerce space in the recent times.
The funding round also witnessed participation from investors such as Jungle Ventures, Bessemer Venture Partners and Helion Ventures. With this round, the valuation of the four-year-old startup has reached around $250-300 million.
The funds raised through the round are being planned to be utilized in the process of strengthening the company’s offline footprint along with marketing and branding spends.
Talking about the details, the company claims to have designed close to 6,000 homes si...