Livspace raises $70 million from TPG Growth, Goldman Sachs, others
Livspace will use the funding from TPG Growth and Goldman Sachs primarily to grow sales faster, even as it seeks to expand to new cities and open large number of stores
Bengaluru: Online home design startup Livspace has raised $70 million in a funding round led by private equity firm TPG Growth and Goldman Sachs as it seeks to expand to new cities, open a large number of stores and accelerate sales growth. The Series C round of funding by Livspace (Home Interior Designs E-commerce Pvt. Ltd) is one of the largest funding rounds by a vertical e-commerce startup, many of which have struggled to attract capital in the past two years. The company’s existing investors Jungle Ventures, Bessemer Venture Partners and Helion Ventures also participated in the round.