Home Interior Designs E-commerce
Pvt. Ltd, which owns online home design start-up Livspace, has acquired
YoFloor, a mobile platform that offers a virtual trial room for home design,
for an undisclosed amount. This is Livspace third acquisition. It acquired
curated online network of Interior designers Dwll.in in May and online community
and marketplace for designers and consumers DezignUp in March.
The company also raised $8 Million
in an internal funding round from existing investors Helion Ventures Partners,
Bessemer Venture Partners and Jungle Ventures last month. Before that, it
raised $4.6 Million in a Series a funding round in December 2014. YoFloor was
incubated at Mango Technologies. It offers 3D visualization tools which can be
used by buyers and designers to facilitate the visualization of a look or home
design before a purchase is done.
As part of the acquisition, the
founders and the core team of YoFloor will join Livspace. Livspace was founded
in 2012 by former senior executives of Google Inc., Myntra, and founder of
Architectural Design consultancy Space Matrix. It competes with Sequoia Capital
funded HomeLane.com, as well as bigger furniture e-retailers, Pepperfry and
Urban Ladder. Livspace also offers readymade home design solutions and connects
customers with interior designers.
