Avendus Capital advises Livspace on USD 70 mn fund raise, led by TPG Growth and Goldman Sachs

Our vision is to evolve Livspace into one of the biggest and most admired consumer internet companies to emerge out of India. In an industry that has traditionally struggled with scale, we have created a first-of-its-kind, design-to-installation technology platform and a marketplace model that is highly scalable. The model can inherently deliver strong unit economics. We are thrilled to have TPG Growth and Goldman Sachs with us in our journey. Their understanding of global markets and deep expertise in accelerating growth-stage companies will help us build the next edition of Livspace.

Livspace is a ground-breaking company that is disrupting the fragmented interior-design-and-renovation ecosystem in India. They’ve registered strong growth in a short period of time, and we are confident that their approach has tremendous potential to extend across several markets.

Livspace is an innovative and fast-growing Indian B2C internet company. We feel the company’s platform approach, which integrates products and services while leveraging technology to provide customized consumer solutions, has allowed it to become a leading brand in the home improvement ecosystem. Talking about the investment in Livspace. This investment is in line with our focus on backing excellent management teams that uniquely address the needs and aspirations of India’s growing middle class. 

We are excited to have partnered with Anuj and Ramakant, who are amongst the best start-up teams in the consumer tech space. Livspace is solving a highly complex problem in the unorganised home interiors market with its sophisticated 3-side marketplace which brings consumers, designers and suppliers on the same platform and delivers an exceptional service promise. With their growth momentum and induction of strong investor partners, they are well positioned to capture several markets.