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Livspace, a startup that provides an online aggregator-like service for interior designers has acquired Dwll.in.
The financial terms of the deal were not announced but company officials said that this would speed up their go-to-market efforts in the western region. Mumbai-based Dwll.in, provides similar services to Livspace. Anuj Srivastava, CEO and Co-founder of Livspace said: “The Dwll.in team brings deep insights into the workings of the home design industry in India and we look forward to working with these designers to create the biggest library of designer looks in the country.”
Livspace uses a proprietary algorithm and design method to create a kind of look designed for specific apartments, which allows a homeowner to visualise their apartment, personalise the color, style, amongst other things before making a purchase online. Aakash Goel, Vice President, Bessemer Venture Partners said: “They’re platform-first thinkers, bringing in disruptive thinking to this industry, by using a combination of technology and design talent to the home design industry.”
This is the second acquisition made by Livspace in a space of six weeks. Just over a month ago, Livspace acquired DezignUp, a design community and marketplace for consumers and design professionals.
With this acquisiton, Livpsace is also targeting a goal of achieving $10 million in this financial year.
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