Info-tech

Home design service provider Livspace acquires Dwll.in

PTI Mumbai | Updated on January 23, 2018 Published on May 19, 2015

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Home design service provider Livspace today announced the acquisition of Dwll.in, a curated online network for interior designers.

With this acquisition, Livspace aims to create a catalogue of designer looks for homeowners and the largest curated community marketplace of home designers, the company said in a statement.

As part of the acquisition, the co-founders of Dwll.in and the core team will join Livspace.

Just over a month ago, Livspace had acquired DezignUp, a design community and marketplace for consumers and design professionals.

“With the acquisition...Livspace will start building its go-to-market strategy for the western region, in addition to expanding across other metros and tier-I cities,” the statement said.

Livspace is currently projecting a revenue of more than $10 million in the next few months, it added.

“The Dwll.in team brings deep insights into the workings of the home design industry in India. We look forward to working with these designers to create the biggest library of designer looks in the country,” said Anuj Srivastava, Chief Executive and co-founder of Livspace.

“Where possible, we will continue to use acquisitions as a natural extension of our strategy,” he added.

The Bangalore-based company had said in February that it has raised $4.6 million (about Rs 28.5 crore) in a first round (Series A) funding, which is led by Bessemer Venture Partners and Helion Venture Partners together with Singapore-based Jungle Ventures.

Published on May 19, 2015
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