Helion Backed home design and décor
start up Livspace has announced the acquisition of Bengaluru based Dwll.in to lead
the space. Founded in 2013, Dwll.in is an Indian curated online network of
interior designers. This is Livspace second acquisition in less than a month. Towards
the end of the March, the company had bought DezignUp, an online design
community and marketplace.
As part of the deal, the
co-founders of Dwll.in and the core team will join the Livspace family. With
this acquisition, Livspace will start building 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 a $10 Million
in months to come.
Livspace is an online shopping
destination for home décor and furnishings. Also, it offers facility to hire
designers on its platform. Further, the users can customize the products based
on their requirements. It delivers in Chennai, Hyderabad, Delhi, Mumbai and
Bangalore. Online home décor market in India will touch $20 Billion by 2015.
Out of this $20 Billion market 40% -
50% is furniture and rest are pure home décor items such as Cutlery, kitchen
items, fancy lamps etc. Other players in the online furniture space include
Urban Ladder, Fab Furnish, HomeLane, CustomerFurnish, Pepperfry etc. Online
market place like Snapdeal, Jabong, Homeshop18 etc. also have home décor and
furnishing as one of their verticals.
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