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Livspace Secures 30 Crore INR in Debt Funding

Anuj Srivastava and Ramakant Sharma, founders of Livspace

Recently, the online home decor firm, Livspace (1) has secured 30 crore INR as debt funding. The latest funding round was led by its existing investor Trifecta Venture Debt. The development came a month after the startup closed it’s Series D equity fundraise. Notably, in September, the firm secured over 90 million USD from Venturi Partners and Kharis Capital, a Switzerland-based investment firm.

According to the regulatory filings, the startup has allocated 300 NCDs or Non-Convertible Debentures. The company set the issue price at 10,00,000 INR for each share to receive the infusions.

Since its inception, the Bengaluru-based home decor startup, Livspace has secured more than 200 million USD via equity and debt funding rounds. Notably, several investors such as TPG Growth, Bessemer Venture Partners, Goldman Sachs, Jungle Ventures, and Helion Venture Partners backs the company.

Livspace to Expand Across APAC Regions and the Middle East

Livspace is the brainchild of Anuj Srivastava and Ramakant Sharma, who founded the company in 2014. The 6-year old startup now offers its services across nine metropolitan cities of India and Singapore.

As per the statement of the startup, it is evaluating to expand over other countries. It includes regions from the APAC region such as Australia, Indonesia, Malaysia, and the Middle East as part of its next market expansion.

Livspace had claimed that it had hit a gross revenue rate of more than 200 million USD during its last fundraise in February 2020. The company has expected to grow into 500 million USD business in the upcoming 24 to 30 months. It also predicts that its operations in India will turn profitable by 2021.

HomeLane, Flipspaces, Pepperfry, and Urban Ladder are the rivals of Livspace. In August 2020, HomeLane had closed its 8 million USD bridge round. Pepperfry had secured 40 million USD in February 2020. On the other hand, Flipspaces and Urban Ladder could not scale up its businesses and could not raise any capital since the last year.