Livspace plans to invest $50 million to expand its business

NEW DELHI: Livspace, a home interior and renovation platform, plans to invest $50 million to expand its business across 80 markets, including 60 new market entries across India and 20 Asia Pacific cities, the company said in a media release.

Livspace which claims to hold a 65% market share in the organised home interiors sector, also plans to set up 150 Design Experience Centre (ECs) over the next 18 months.

With this phase of expansion, the company plans to capture the demand for modular solutions from markets such as Indore, Surat, Lucknow and Mysore among others.

It currently has an existing network of over 25 stores in both metros and non-metros, such as Delhi-NCR, Bengaluru, Mumbai, Ahmedabad, Jaipur, Kochi, etc.

To support its expansion plans, Livspace will also look to onboard over 1,000 new design entrepreneurs across the country.