Online home design start-up Livspace, operated by Home Interior Designs E-commerce Pvt Ltd, plans to pump in Rs 30 crore to strengthen its brick and mortar presence. The investment is expected to come in tranches over the next nine months to one year. Livspace, which counts Bessemer Venture Partners and Helion Venture Partners, as its investors, is looking to add five or seven new experience centres, to the existing four—one each in Bengaluru and Mumbai and two in Delhi-NCR. The new stores, which are set to come up in Hyderabad, Chennai and Pune, will cost Rs 3-4 crore each and the emergence of Livspace stores is an added business advantage for the signage companies dealing in in-store projects.
