Livspace.com acquires 3D visualization tool provider YoFloor

New Delhi: 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, the company said in a statement on Thursday.

This is Livspace’s 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 Venture 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 founded by Ankur Mishra and Archit Rathi and 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.

“YoFloor shares with us the vision to let homeowners effortlessly see through 3D visualisation technologies, a prospective design for their very home, before they even make the purchase. This is central to the kind of personalization and choice we want to give to home design enthusiasts in India,” said Anuj Srivastava, chief executive officer and co-founder, Livspace.

As part of the acquisition, the founders and the core team of YoFloor will join Livspace.

Livspace was founded in 2012 by tech specialists Srivastava and Ramakant Sharma, former senior executives at Google Inc. and Myntra, respectively, and Shagufta Anurag, 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. Unlike the online furniture retailers that only sell products, Livspace also offers readymade home design solutions and connects customers with interior designers.