Top News

Livspace, an online end-to-end home design and décor platform, acquires Dwll.in

Livspace, an end-to-end
home design service provider and curated marketplace for homeowners and
designers, has announced the acquisition of Dwll.in. Founded in 2013 by
Parikshat Hemrajani and Pankaj Poddar, Dwll.in, is India’s top curated online network
of interior designers.

Livspace, an end-to-end
home design service provider and curated marketplace for homeowners and
designers, has announced the acquisition of Dwll.in. Founded in 2013 by
Parikshat Hemrajani and Pankaj Poddar, Dwll.in, is India’s top curated online network
of interior designers.

With this acquisition, Livspace aims to create only and biggest catalogue
of designer looks for homeowners and the largest curated community marketplace
of home designers. As part of the acquisition, the co-founders of Dwll.in and
the core team will join the Livspace family.

Just over a month ago, Livspace acquired DezignUp, a dynamic design
community and marketplace for consumers and design professionals. With the
acquisition of Mumbai based Dwll.in, Livspace will start building the
go-to-market strategy for the western region, in addition to expanding across
other metros and Tier 1 cities. Livspace is currently projecting a revenue run
rate of more than $10 mn in months
to come.

Speaking about the acquisition, Anuj Srivastava, CEO and Co-founder of
Livspace said, ‘At Livspace, we aspire to be the ‘personal home designer for
homeowners’. 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 and offer the
same to tens of thousands of homeowners across the country. Pankaj and
Parikshat are solid entrepreneurs who are early movers in the space and do not
shy away from tackling complicated problems. Where possible, we will continue
to use acquisitions as a natural extension of our strategy.’

Parikshat Hemrajani and Pankaj Poddar, Co-Founders of Dwll.in said, ‘The
Dwll.in team is very excited and looking forward to being a part of Livspace.
We share the larger vision in tackling the unique opportunity, not only in
India but worldwide, when it comes to creating tens of thousands of designer
looks and designing people’s homes. The synergies of the technology, design
strength, and execution capabilities of Livspace along with the designer
network and consumer-centric focus of Dwll.in’s platform will go a long way in
revolutionizing the home design space. We believe in the mantra, ‘If you want
to walk fast, walk alone but if you want to walk further, walk together’. And
we’re definitely looking to walk, not just further but very far.’

In just 4 months, Livspace already has a social community of over 320
thousand homeowners with some of the highest user engagement in the country.
With the unique ‘find your apartment’ feature, another first in the industry by
Livspace, it is possible for homeowners to view ‘designer looks’ for their
apartment before they make any home design purchase. Livspace uses a
proprietary algorithm data science, and design method to create ‘looks or
spaces’ that are designed for specific apartments. With more apartments being
added to the collection, homeowners have the opportunity to visualise their
very apartment, personalise the color, style, etc. and be confident before
making a purchase online.

Commenting on Livspace’s second acquisition in as many months, Rahul
Chowdhri, Partner, Helion Ventures said, ‘We’re very excited about Livspace and
Dwll.in teams joining hands and welcome them to the family. Livspace has a huge
vision of creating a disruptive experience in the home design industry and is
India’s only end-to-end home design experience with a very innovative
combination of technology and design. We’re very happy with the traction in
Livspace’s business, their goal of producing designer quality looks for homes
all over India, and look forward to creating a truly admirable, technology
driven company out of India.’

Aakash Goel, Vice President, Bessemer Venture Partners said, ‘We’re
thrilled with their vision of making designer looks for homes all over India
and strongly endorse the acquisition. We’re very happy with the Livspace team
and the energy Anuj, Ramakant, and Shagufta are bringing to the home design
space. They’re platform-first thinkers, have brought a much needed disruptive
thinking to this industry, and are using a unique combination of technology and
design talent to bring innovation to the home design industry. I expect the
synergy from this acquisition to drive further growth and innovation at Livspace.

 

 

 

 

 

 

 

 

 

 

 

 

 

Show More

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Close