Livspace, an online home interior design platform has said that the company will invest ₹70 crore in its designers’ partnership initiatives.
The company is planning to invest across different segments, including onboarding and certifying freelance designers and studios, engagement programs, infrastructure and expansion across top metros.
As a part of the initiative, the Livspace’s partners will get access to its platform, which allows designers to design in 2D, 3D, Virtual Reality (VR), get business leads, do project management, execution, etc.The company said in a statement that, Livspace’s design partner community contribute to 80% revenue at Livspace.
According to the statement released by the company, Livspace’s design partner community contribute to 80% revenue at Livspace.
The startup recently launched four flagship Design Centers in Bangalore, Delhi, Gurgaon and Mumbai. It said that it will invest ₹25 crore to expand these design centres.
It currently has 11 centres in Delhi-NCR, Bangalore and Mumbai. These centres allow customers to get design consultation, experience interiors, select materials, visualize their home design through virtual reality (VR), and place an order.
Founded in 2014, Livspace had recently raised ₹100 crore in a funding round, led by its existing investor Bessemer Ventures Partners, along with the participation of Jungle Ventures and Helion, among others.rior to that, it had raised funding in August 2015 for hiring new members, upgrading to new design content and expansion to newer cities in India.
Prior to that, it had raised funding in August 2015 for hiring new members, upgrading to new design content and expansion to newer cities in India.