India and Southeast Asia’s largest home interior and renovation platform, Livspace announced its expansion plans across 80 markets, including 60 new market entries across India and 20 Asia Pacific cities.
Consolidating its leadership in the segment, Livspace, which holds a 65% market share in the organised home interiors sector, plans to set up 150 Design Experience Centre (ECs) over the next 18 months. With this phase of expansion, the company is best placed to capture the demand for modular solutions from markets such as Indore, Surat, Lucknow, Mysore and many more. The new centers will supplement an existing network of over 25 stores in both metros and non-metros, such as Delhi-NCR, Bengaluru, Mumbai, Ahmedabad, Jaipur, Kochi, etc. In addition to this, Livspace plans to invest $50 million to rapidly expand its business and grow the team overseas.
Livspace will also look to onboard over 1000 new design entrepreneurs across the country. The move will help build a community of design studio owners further empowered by Livspace through access to its industry best technology platform, digital supply chain and a trusted brand to help grow their business.
